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Dentons Advises Raiffeisen Bank International on Financing for Photon Energy Group Romanian PV Portfolio

Dentons Advises Raiffeisen Bank International on Financing for Photon Energy Group Romanian PV Portfolio

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Dentons has advised arranger, original lender, agent, and security agent Raiffeisen Bank International on a EUR 21.9 million term loan facility for the development of a 31.5-megawatt portfolio of eight photovoltaic power plants in Romania to companies owned and operated by Photon Energy NV.

Photon Energy NV is the solar arm of the Photon Energy Group, a provider of clean energy focusing on sustainable solutions.

According to Dentons, “this transaction represents the first project financing of European photovoltaic plants that operate on a merchant basis, selling energy directly to the market without a power purchase agreement or state subsidy.”

Dentons’ team included Warsaw-based Partner Mark Segall and Bucharest-based Partners Claudiu Munteanu-Jipescu and Bogdan Papandopol, Counsel Maria Tomescu, and Associates Cristina Staicu and Alexandra Sofineti.

Dentons at a Glance

Dentons is the world's largest law firm, connecting talent to the world's challenges and opportunities in more than 75 countries. Dentons' legal and business solutions benefit from deep roots in our communities and award-winning advancements in client service, including Nextlaw, Dentons’ innovation and strategic advisory services. Dentons' polycentric and purpose-driven approach, commitment to inclusion and diversity, and world-class talent challenge the status quo to advance client and community interests in the New Dynamic.

Dentons is one of the leading law firms in CEE/CIS, with offices in Warsaw, Prague, Budapest, Moscow, Bucharest, Bratislava, Kyiv, Baku, Almaty, Astana, Tbilisi and Tashkent. With a legacy of supporting local and international clients in Central and Eastern Europe since the early 1990s, we have the experience and market insight to help clients close deals, resolve disputes and do business in the key markets across the region.

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