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Redcliffe Partners and Linklaters Advise EBRD on Loan to Kernel for Biomass Plants Construction

Redcliffe Partners and Linklaters Advise EBRD on Loan to Kernel for Biomass Plants Construction

Ukraine
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Redcliffe Partners and Linklaters have advised the EBRD on a USD 56 million term-secured loan, including a USD 8 million tranche funded by the Clean Technology Fund, made to four Ukrainian members of the Kernel Group, the producer and exporter of sunflower oil in Ukraine and a supplier of agricultural products from the Black Sea region to world markets. Allen & Overy and Lenz & Staehlin reportedly advised the Kernel Group on the deal.

The loan will be used to finance the construction of four biomass plants with an aggregate capacity of 47MW at the existing Ukrainian production facilities of the borrowers to use sunflower husk, a biomass residue produced in the crushing process, as biofuel to generate electricity.

The Redcliffe Partners team included Managing Partner Olexiy Soshenko, Senior Associate Evgeniy Vazhynskiy, and Junior Associate Eduard Olentsevych.

The Linklaters team included Counsel Adrian Horne and Associate Piotr Hurkala.

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Firm's website: www.avellum.com

 

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