Schoenherr has advised Kommunalkredit Austria on a EUR 29.3 million loan to INVL Renewable Energy Fund I to finance the construction of a 71-megawatt solar power plant portfolio in Dolj County, Romania. 

CMS, working with Ashurst, has advised Renalfa IPP on the development of its EUR 1.2 billion investment program in photovoltaic, battery electricity storage systems, and wind projects across Bulgaria, Hungary, North Macedonia, and Romania. The firm also advised on securing a EUR 315 million club loan facility led by the EBRD and backed by an InvestEU loss guarantee. DGKV, and reportedly A&O Sherman and PHH, advised the lenders.

Dentons has advised mBank on a PLN 130.5 million (approximately EUR 30.7 million) financing package, including an investment loan, granted to BXF Energia for the development of the Azalia photovoltaic farm, with a planned capacity of up to 60 megawatts, located near Rzeszow, Poland. DZP advised BXF Energia.

Clifford Chance has advised T2Y Capital on its investment in Prime Batteries Energy Holding.

The Serbian energy market is characterized by a strong reliance on coal, while aiming to significantly increase the share of renewable energy sources (RES) in total electricity production. The Strategy on Energy Development until 2040 with the Projection until 2050 (Strategy), adopted in 2024, sets forth as its main goals: energy security, the decarbonization of the energy sector, environmental protection, improvement of energy efficiency, and the establishment of an economically competitive energy market. Serbia is now producing approximately 60% of its electricity from coal, with RES’s share in the total production portfolio targeted to increase to 45% by 2030 and 73% by 2040.

In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and keep our readers apprised of the latest developments impacting their respective practice areas.