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CMS Advises Astronergy on EUR 54 Million PV Portfolio Refinancing

CMS Advises Astronergy on EUR 54 Million PV Portfolio Refinancing

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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.

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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