Clifford Chance has advised Komercni Banka on the financing of a solar energy power plant owned by Decci subsidiary FVE Czech Novum. Allen & Overy reportedly advised the lenders.
Komercni Banka is a member of the Societe Generale international financial group.
FVE Czech Novum is a Czech Republic-based renewable energy company.
According to Clifford Chance, “the financing was a key part of the ongoing investment strategy of the Decci Group. The Decci Group is an energy company focusing on renewable and innovative energy solutions in the Czech Republic. Through its common brand FVE Czech, the energy firm centers its attention on designing, building, and operating photovoltaic power plants using modern technologies.”
Clifford Chance’s team included Partner Milos Felgr, Senior Associate Dominik Vojta, and Associate Bara Becvarova.