Tue, Jul
60 New Articles

CMS Advises Astronergy on EUR 54 Million PV Portfolio Refinancing

CMS Advises Astronergy on EUR 54 Million PV Portfolio Refinancing

  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

CMS Sofia has advised Astronergy Solar Bulgaria on receiving a EUR 54 million refinancing for its portfolio of ten operational photovoltaic plants from the recently merged KBC United Bulgarian Bank.

"The portfolio, which was originally financed by the China Development Bank for EUR 104 million, consists of ten operational photovoltaic plants [built in 2012], which initially enjoyed a fixed Feed-In Tariff and, from 2016 onwards, transitioned to the current Contracts for Difference Guarantee scheme," CMS informed.

The CMS team was led by Managing Partner Kostadin Sirleshtov and Senior Associate Borislava Piperkova and included Associates Elena Yotova-Yordanova and Dian Boev and Trainee Lyubomira Tanchovska.

Bulgaria Knowledge Partner

Schoenherr is a leading full-service law firm providing local and international companies stellar advice that is straight to the point. With 15 offices and 4 country desks Schoenherr has a firm footprint in Central and Eastern Europe. Our lawyers are recognised leaders in their specialised areas and have a track record of getting deals done with a can-do, solution-oriented approach. Quality, flexibility, innovation and practical problem-solving in complex commercial mandates are at the core of our philosophy.

Firm's website: www.schoenherr.eu

Our Latest Issue