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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.

Romanian Knowledge Partner

Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

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