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Schoenherr and Glodeanu & Partners Advise on Kommunalkredit Financing for INVL Solar Plants in Romania

Schoenherr and Glodeanu & Partners Advise on Kommunalkredit Financing for INVL Solar Plants in Romania

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Schoenherr has advised Kommunalkredit Austria on a EUR 25 million loan to the INVL Renewable Energy Fund I to finance the construction of solar power plants with a total capacity of 51 megawatts in Romania. Glodeanu & Partners advised the INVL fund. Sorainen reportedly advised Kommunalkredit as well.

Kommunalkredit is a specialist in infrastructure and energy financing.

Established in 2021 by INVL Asset Management – part of INVL, a Baltic investment management and life insurance group – the INVL Renewable Energy Fund I is a sub-fund for professional investors.

The Schoenherr team included Partner Martin Ebner, Counsel Adina Damaschin, Senior Attorney at Law Alexandra Pop, Attorney at Law Loredana Barbu, and Associate Nikolaus Muellner.

The Glodeanu & Partners team included Co-Managing Partner Cezar Gusu, Partner Cristina Gavrila, Senior Associate Patricia Vilceanu, and Associates Alexandru Franz Pruteanu and Sergiu-Ionut Visa.

Romanian Knowledge Partner

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). 

Firm's website.

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