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Dentons and Greek-based MSTR Law have advised the Greencells Group on obtaining EUR 65 million in development financing for its solar plant portfolio across seven jurisdictions. Bernitsas and, reportedly, Hogan Lovells advised Kommunalkredit – the structuring bank and sole lender.

The renewable energy sector has seen significant growth and transformation over recent years, and Greece is no exception. With almost 45% of its total energy production coming from Renewable Energy Sources (RES) like solar and wind power, Greece is experiencing a shift towards more sustainable energy solutions.

Bernitsas, working with Simmons & Simmons and Latham & Watkins, has advised Abu Dhabi Future Energy Company (Masdar) on an agreement with Gek Terna and other shareholders to acquire Terna Energy. Reed Smith and Potamitis Vekris advised Gek Terna Group.

Chronic delays and procedural inefficiencies are key issues plaguing Greece's judicial system, according to Bahas, Gramatidis & Partners Deputy Managing Partner Dimitris Emvalomenos, despite past and recent changes aimed at improving legal proceedings.

In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and keep our readers apprised of the latest developments impacting their respective practice areas.

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