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Karanovic & Partners Advises GGF on EUR 50 Million Loan to UniCredit Bank Serbia for Supporting Renewable Energy

Karanovic & Partners Advises GGF on EUR 50 Million Loan to UniCredit Bank Serbia for Supporting Renewable Energy

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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.

Serbia Knowledge Partner

SOG in cooperation with Kinstellar is a full-service business law firm in Serbia that provides foreign and domestic clients with premium-quality legal advice and assistance across a wide range of key areas of corporate law. The firm was founded in 2015 by a group of seasoned, internationally-trained lawyers. SOG has developed a distinctively dynamic culture, bringing together top talent, fostering entrepreneurship, and maintaining exceptional relationships with its clients.

SOG has achieved consistent growth in the volume of its business, accompanied by an exponential increase in the number of hired associate lawyers and the firm’s network of business contacts. SOG has a robust client base of multinationals, investment and private equity firms, and financial institutions. Clients praise SOG for being commercially minded, very responsive and knowledgeable.

Establishing permanent cooperation with Kinstellar is part of realising SOG's long-term development strategy to be the leading provider of legal services in the Western Balkans market.

Firm's website: https://www.kinstellar.com/

 

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