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Vlasceanu & Partners and Wolf Theiss Advise on Raiffeisen EUR 60 Million Financing for Ratesti Solar Plant

Vlasceanu & Partners and Wolf Theiss Advise on Raiffeisen EUR 60 Million Financing for Ratesti Solar Plant

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Vlasceanu & Partners and Wolf Theiss have advised the Ratesti Solar Plant – an Econergy group and Nofar group subsidiary – on the EUR 60 million financing from Raiffeisen Bank International and Raiffeisen Bank Romania to finance part of its EUR 102 million 155-megawatt solar project in Ratesti, Romania. CMS reportedly advised Raiffeisen Bank.

According to Vlasceanu & Partners, the financing structure relies on electricity merchant sales, without the need for a power purchase agreement. “Ratesti is Romania's largest solar project, developed on an area of 170 hectares, with a total installed capacity of 155 megawatts, expected to produce 220 gigawatt-hours of electricity per year. The project has successfully concluded its construction and grid connection phases, with the energization process recently finalized.”

The Vlasceanu & Partners team included Partner Loredana Vlasceanu, Senior Associate Mihaela Farin, and Associate Sorina Viziru.

The Wolf Theiss team was led by Partner Marcell Nemeth.

Editor's Note: After this article was published, CMS confirmed its involvement. The firm's team included Partners Ana Radnev, Varinia Radu Serban, and Roxana Fratila, Counsel Ramona Dulamea, Senior Associates Raluca Diaconeasa and Edwina Udrescu, and Associates Diana Elena Dona, Madalina Constantinescu, Alexandru Virgil Trandafir, Bianca Banateanu, Amalia Podoleanu, and Florian-Gabriel Pacalici.

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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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