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Dentons, Binder Groesswang, and DGKV Advise UniCredit Bulbank and EBRD on Financing for Tsenovo Solar Plant

Dentons, Binder Groesswang, and DGKV Advise UniCredit Bulbank and EBRD on Financing for Tsenovo Solar Plant

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Dentons, Binder Groesswang, and Djingov Gouginski Kyutchukov & Velichkov have advised UniCredit Bulbank and the EBRD on the financing for Enery Development's construction and operation of a large-scale solar plant in north-eastern Bulgaria set to add 112.5 megawatts of solar power generation to the country's electricity system. Schoenherr reportedly advised Enery Development.

According to Dentons, the "EBRD guaranteed up to EUR 25 million of the financing under its risk-sharing framework.  This was the first greenfield renewable project financed under this framework."

The Tsenovo solar plant is sponsored by Enery Development, a Vienna-based infrastructure company with more than 300 megawatts of operational renewable energy plants across Central and Eastern Europe. Enery is supported by the Three Seas Initiative Investment Fund.

The Dentons team included Bucharest-based Partner Claudiu Munteanu-Jipescu, Counsels Maria Tomescu and Elena Vlasceanu, and Associate Cristina Staicu, and Warsaw-based Partner Mark Segall and Trainee Solicitor Magdalena Luniak.

The Binder Groesswang team included Partner Stefan Tiefenthaler, Attorney at Law Mathias Drescher, and Associate David Schneebauer.

The DGKV team included Partners Milan Pandev and Kaloyan Krumov, Senior Associates Maya Mircheva and Deyan Bogdanov, and Associates Zhanet Miteva and Yana Dimitrova.

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