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CMS Advises UniCredit Bank on EUR 39 Million Financing for Enery's Comcris Energy

CMS Advises UniCredit Bank on EUR 39 Million Financing for Enery's Comcris Energy

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CMS has advised UniCredit Bank on its EUR 39.3 million financing for Enery group subsidiary Comcris Energy for the construction of a 51.4-megawatt solar ground-mounted photovoltaic project located in Sarmasag, Romania. Clifford Chance Badea reportedly advised the borrower.

Founded in 2019, Enery has quickly become one of the leading renewable energy developers in Central and Eastern Europe, according to CMS. "Enery is leading the green energy transition through the acquisition, development, construction, and operation of large-scale renewable energy plants. With a sustainable long-term vision, it delivers clean electricity at affordable prices to create a more sustainable energy landscape."

"Romania's commitment to increase its installed solar energy capacity and the aim to have over eight gigawatts in photovoltaic renewable energy production units installed by 2030 signals a promising trend and we anticipate a significant increase in such financings in the future," CMS Senior Associate Andreea Turcu commented.

The CMS team included Turcu, Partners Ana Radnev and Roxana Fratila, Senior Associates Alex Dumitrescu and Raluca Diaconeasa, Associate Bianca Banateanu, and Junior Lawyer Andreea Bianca Radu.

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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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