Karanovic & Partners has advised Elicio Ali VE on the refinancing of its Alibunar Wind Farm from UniCredit Bank Serbia.
According to Karanovic & Partners, “UniCredit Bank Serbia and Elicio Ali VE, a company wholly owned by Elicio NV, have completed the refinancing transaction of the 42-megawatt Alibunar wind farm, which supplies slightly less than 30,000 households with electricity.”
Elicio’s portfolio currently includes 540 megawatts of operational onshore and offshore wind farms, with another 60 megawatts under construction. In addition to projects in Serbia, Elicio manages more than 30 wind farms in Belgium and France and has a portfolio of wind farms in the North Sea.
Karanovic & Partners’ team was led by Senior Associate Mina Sreckovic.
Karanovic & Partners could not provide any additional information on the deal.
Editor's note: After this article was published, CMS announced that it had advised UniCredit Bank Serbia on the EUR 53 million financing deal. The firm's team included Partners Ivan Gazdic and Milica Popovic, Attorneys Ksenija Boreta, Marija Marosan, and Igor Djordjevic, and Associate Teodora Vujosevic.