Schoenherr has advised RGreen Invest on a EUR 15 million bond agreement with a Renalfa group subsidiary, for the financing of the construction of a photovoltaic plant near the town of Razlog in southwestern Bulgaria, as well as on a standard security package for it.
The bond's issuer is a member of the Renalfa group, a Bulgarian clean energy and e-mobility provider with a focus on renewable energy generation assets.
RGreen Invest is a French management company representing a fund for green energy projects. With more than EUR 1.4 billion under management to date, RGreen Invest has financed projects in France and across Europe equivalent to an installed capacity of more than 3.3 gigawatts.
According to Schoenherr, “the transaction enables RGreen Invest to further expand its footprint throughout Europe, following the company's strategy of providing long-term support for developers of renewable energy projects. At the same time, the bond represents a legal novelty in several respects.
Schoenherr’s team was led by Sofia Head of Banking, Finance & Capital Markets Tsvetan Krumov and included Attorneys at Law Kristina Lyubenova and Milena Gabrovska.