Redcliffe Partners and Clifford Chance Amsterdam have advised the Netherlands Development Finance Company, the Green for Growth Fund, and the Norwegian Guarantee Institute for Export Credits on EUR 37.8 million financing to Scatec Solar for the construction of a 54 MWp solar PV plant in the community of Bohuslav, in the Kyiv region of Ukraine. Integrites and Triniti advised Scatec Solar on the transaction, which closed in July 2019.
The Netherlands Development Finance Company (FMO), a Dutch development bank, acted as mandated lead arranger, original lender, and facilities agent. The Green for Growth Fund participated under FMO’s B Facility, and the Norwegian Guarantee Institute for Export Credits, a Norwegian export credit agency, provided a partial unfunded credit guarantee to FMO with respect to financing of the construction, maintenance, and operation of the Bohuslav plant.
The Redcliffe team was led by Managing Partner Olexiy Soshenko.
The Integrites team was led by Partner Igor Krasovskiy and included Senior Associates Olena Savchuk and Yuriy Korchev and Associates Alina Trofimova and Viktoriia-Anna Oliinyk.
As reported on 10 July 2019, Integrites has advised Scatec Solar on the construction and financing of six PV plants in Ukraine.