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CMS Advises UniCredit Bulbank on Refinancing Solarian Holdings Portfolio

CMS Advises UniCredit Bulbank on Refinancing Solarian Holdings Portfolio

Bulgaria
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CMS has advised UniCredit Bulbank on the refinancing of Solarian Holdings' 21-megawatt operational photovoltaic portfolio in Bulgaria.

According to CMS, the EUR 36 million refinancing project relates to a number of special-purpose companies, including Consult Solar EOOD, Solar R1 EOOD, Solar RAS EOOD, Green Energy Park EOOD, and Vento Eco Energy EOOD, all operating under the contracts-for-premium scheme, introduced by Bulgaria in order to replace the feed-in tariff under the Second Renewable Energy Act.

Last year, CMS had advised Solarian Holdings on the acquisition of a 5-megawatt photovoltaic power plant from FEC Perun (as reported by CEE Legal Matters on May 28, 2020) and the acquisition of a 2.25-megawatt photovoltaic power plant from Julian Torchanov and Mat Ltd. (as reported by CEE Legal Matter on August 21, 2020), both located in Bulgaria.

CMS’s team included Partners Dimitar Zwiatkov, Kostadin Sirleshtov, and Gentscho Pavlov, Senior Associates Borislava Piperkova and Ivan Gergov, and Associates Diyan Georgiev, Tsocho Boshnakov, and Lyubomira Tanchovska.

CMS at a Glance

CMS Sofia is a full-service law firm, the largest international law firm in Bulgaria and one of the largest providers of legal services in the local market as a whole. The breadth and depth of our practice means that our lawyers are specialised, with a level of specialisation that few of our competitors can match.

CMS Sofia is the Bulgarian branch of CMS, a top ten global legal and tax services provider with over 5000 lawyers in 43 countries and 78 offices across the world.

CMS entered the Bulgarian market as one of the first internationally active law firms in 2005 and is now among the most respected legal advisors in the country. We have 7 partners, 4 counsel and over 30 lawyers in our office in Sofia.

Our legal experts, who are rooted in Bulgaria’s local culture, can also draw on years of experience in foreign countries and are at home in several legal systems at once. We know the particularities of the local market just as well as the needs of our clients and combine both to achieve optimum solutions. Our lawyers are Bulgarian qualified and we also have English qualified experts – all of them regularly working on cross-border mandates.

In our work, we focus on M&A, Energy, Projects and Construction, Banking and Finance, Real Estate, Media, IP and IT law, Tax, Employment law, Competition, Procurement and any kind of Dispute resolution, including arbitration and mediation. What’s more, we also take care of the entire legal management of our clients’ projects.

Firm's website.