21
Mon, Oct
60 New Articles

BDK Advokati, Dentons, and Harrisons Advise on Financing of Serbian Wind Farm

BDK Advokati, Dentons, and Harrisons Advise on Financing of Serbian Wind Farm

Serbia
Typography

BDK Advokati has advised Enlight Renewable Energy, as the sponsor, and Electrawinds K-Wind, as the borrower, on the EUR 142 million project financing of Serbia's 104.5 MW Kovacica Wind Farm provided by parallel loans from Erste Group Bank AG (supported by the German Export Credit Agency Euler-Hermes), Erste Bank Serbia, and the EBRD. Dentons was international counsel to Enlight, and the lenders reportedly were advised on international law by Norton Rose Fulbright and by Harrisons on local legal matters.

BDK Advokati describes the deal as "Serbia’s first large-scale energy project financing transaction to have successfully reached financial close."

The total project value of the Kovacica wind farm is approximately EUR 189 million. The wind farm will consist of 38 GE 2.75-120 wind turbines, and will provide electricity to more than 65,000 homes in northern Serbia while reducing Serbia’s annual CO2 output by approximately 247,000 tons, in the process contributing to the country's goal to raise the share of energy consumption from renewable energy sources to 27 percent by 2020.

The BDK Advokati team was led by Senior Partner Dragoljub Cibulic with support from Senior Associate Jelena Zelenbaba and Associates Dragoljub Sretenovic and Djordje Zejak.

The Dentons team included Counsels Agnieszka Kulinska and Agnieszka Lipska.

The Harrison's team advising the lenders consisted of Consultant Ines Matijevic-Papulin and Senior Associate Jovan Cirkovic, assisted by Lawyers Stefan Nesic and Mina Markovic and Associate Vladimir Boskovic.

 

Serbia Knowledge Partner

Who we are

Karanovic & Partners is a regional legal practice in Southeast Europe with tradition spanning two decades and cooperating offices in Serbia, Croatia, Slovenia, Montenegro, Macedonia and Bosnia & Herzegovina. With more than 100 attorneys at law cooperating across the region, we take pride in our work, dedication and understanding of our clients' industries and needs.

What we do

We work with some of the most respected and reputable businesses in the world, banks, as well as governments, state-owned entities, startups and NGOs. We see our clients as long-term partners.

We focus on straightforward solutions and tailor-made advice. Lawyers cooperating with us are fully immersed in our clients’ culture and industry to ensure that the work is delivered intelligently and reliably.

What sets us apart?

In our company culture, excellence is a must. We are reliable, adaptive and fast.

Karanovic & Partners operates under the “one team” principle, combining our regional reach and local know-how to deliver coordinated legal advice necessary for achieving our clients’ goals.

All News about, and Legal Analysis by, Karanovic & Partners can be found here.

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

 

Our Latest Issue