Karanovic & Partners has advised the Green for Growth Fund on a EUR 50 million loan for UniCredit Bank Serbia to finance utility-scale renewable energy projects in the country with a focus on solar and wind.
According to Karanovic & Partners, "GGF stated that this initiative marks a deepened engagement with UniCredit Bank Serbia and is in alignment with the Serbian Government’s renewable energy auction plans and its targets under the National Energy and Climate Plan."
Back in 2022, Karanovic & Partners advised GGF on another loan to UniCredit Serbia (as reported by CEE Legal Matters on January 17, 2022) to finance "energy efficiency and renewable energy investments in the Southeast Europe region."
The Karanovic & Partners team included Partner Maja Jovancevic Setka and Senior Associate Marija Vicic Simic.