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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.