Schoenherr, working with Walder Wyss and the Law Office of Loren Richards, has advised Raiffeisen Bank International on its EUR 31 million project financing to borrower Energy Financing Team SE Bileca to develop a 60-megawatt solar power plant in Republika Srpska, Bosnia and Herzegovina.
According to Schoenherr, the borrower estimates 103 gigawatt-hours of energy will be produced in the first year of the power plant's operation, with an annual carbon dioxide reduction of approximately 100,000 tons, when compared to electricity produced in coal-fired power plants. "This green energy loan project thus plays a crucial role in increasing the use of renewable energy in Bosnia and Herzegovina while having a minimal impact on the environment."
The Energy Financing Team SE Bileca is part of the EFT Group, a player in power trading and investment in Central and Southeast Europe already delivering energy across 20 countries.
The Schoenherr team was led by Partners Martin Ebner, Matija Vojnovic, and Jelena Arsic and included Attorneys at Law Minela Sehovic, Vladimir Markus, and Mate Kovacs and Associates Marko Kostic and Nikolaus Muellner.