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Nyerges & Partners Advises Shikun and Binui Energy on EUR 40.5 Million PV Project Financing from Raiffeisen Bank

Nyerges & Partners Advises Shikun and Binui Energy on EUR 40.5 Million PV Project Financing from Raiffeisen Bank

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Nyerges & Partners has advised Shikun and Binui Energy on a EUR 40.5 million loan from Raiffeisen Bank International AG and Raiffeisen Bank Romania for a 70-megawatt photovoltaic project in Satu Mare. CMS reportedly advised Raiffeisen Bank.

Shikun & Binui Energy specializes in the development, financing, construction, and operation of power generation plants based on renewable energies, such as solar energy, hydro, wind, and natural gas.

According to Nyerges & Partners, “the project is one of the first utility-scale PV projects in Romania in the last decade having completed a financial close under non-recourse conditions.”

Nyerges & Partners had also advised Shikun & Binui Energy on the engineering, procurement, and construction agreement with CJR Renewables for the development of the same project, ten days earlier (as reported by CEE Legal Matters on March 8, 2023).

The Nyerges & Partners team included Managing Partner Mihaela Nyerges, Of Counsel Doina Anghelescu, Senior Associate Monica Cune-Ghitescu, and Junior Associate Diana Dulama.

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Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

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