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CMS Advises Zagrebacka Banka, HBOR, and EBRD on Financing EUR 126 Million Wind Farm Projects in Croatia

CMS Advises Zagrebacka Banka, HBOR, and EBRD on Financing EUR 126 Million Wind Farm Projects in Croatia

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CMS has advised a consortium of Zagrebacka Banka, the Croatian Bank for Reconstruction and Development, and the EBRD on financing Taaleri Energia and Encro's EUR 126 million project to build two onshore wind farms near Zadar.

According to CMS, this is the first utility-scale renewable energy project in the country developed outside of a state subsidy scheme. Finland-based Taaleri Energia, part of the Helsinki Stock Exchange-listed Taaleri Group, and Croatian renewable energy company Encro are building two onshore wind farms in Croatia’s coastal region of Dalmatia, near the city of Zadar, which will have a combined capacity of 111 megawatts.

CMS’ team included Croatia-based Partner Jelena Nushol Fijacko, Local Partner Marija Musec, and Lawyer Relja Rajkovic and Poland-based Partners Rafal Zakrzewski and Marcin Bejm, Counsel Krzysztof Mrozik, Senior Associates Orest Matviychuk, Przemyslaw Karolak, Angelika Szufel, and Piotr Prawda, and Lawyers Marcin Krzemien, Michal Horelik, and Jakub Smialek.

CMS was unable to provide additional information on the deal.

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.

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