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CMS Advises OTP Bank and DSK Bank on EUR 17.3 Million Refinancing for Bulgarian Solar Project

CMS Advises OTP Bank and DSK Bank on EUR 17.3 Million Refinancing for Bulgarian Solar Project

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CMS has advised OTP Bank and its DSK Bank Bulgarian subsidiary on their EUR 17.3 million joint refinancing of Energy and Development Company's 14.2-megawatt operational photovoltaic power plant in Bulgaria.

The Energy and Development Company was created in 2004 and operates in the construction and exploitation of renewable energy sources, production and sale of electricity from natural and other sources, commercial representation, and consulting services.

According to CMS, “the solar project operates under the contracts-for-premium scheme, introduced by Bulgaria in order to replace the feed-in tariff under the Second Renewable Energy Act.”

CMS’s team was led by Managing Partner Kostadin Sirleshtov and included Senior Associate Borislava Piperkova.

Bulgaria Knowledge Partner

Schoenherr is a leading full-service law firm providing local and international companies stellar advice that is straight to the point. With 15 offices and 4 country desks Schoenherr has a firm footprint in Central and Eastern Europe. Our lawyers are recognised leaders in their specialised areas and have a track record of getting deals done with a can-do, solution-oriented approach. Quality, flexibility, innovation and practical problem-solving in complex commercial mandates are at the core of our philosophy.

Firm's website: www.schoenherr.eu

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