Dentons has advised the EBRD, PKO Bank Polski, and Bank Pekao on their PLN 763 million financing to Goldbeck Solar and Respect Energy for the construction of a 286-megawatt photovoltaic farm in Poland. Norton Rose Fulbright advised developer Goldbeck Solar.
Eversheds Sutherland Advises Sequoia on EUR 38.5 Million Financing for Green Genius Polish PV Plants
Eversheds Sutherland has advised investment advisor Sequoia Investment Management on a EUR 38.5 million agreement between the Sequoia Economic Infrastructure Income Fund and Green Genius aimed at financing the construction of a 66-megawatt portfolio of photovoltaic plants in Poland.
Clifford Chance and Allen & Overy Advise on EUR 137.5 Million Loan to Accolade
Clifford Chance has advised a club of lenders including Komercni Banka, Ceska Sporitelna, and Raiffeisenbank on a EUR 137.5 million loan to the Accolade group for the construction of an Amazon automated distribution center. Allen & Overy advised Accolade.
Significant Growth in the Green Finance Market
In 2021, the green financial markets substantially increased according to the Green Finance Report of the Central Bank of Hungary (MNB). Credit institutions launched green lending, and four banks are taking advantage of the MNB's green capital requirement discount for housing. Among green financing products, the green bonds are very popular both at public and corporate level, and green lending has also been launched on the corporate side. In the investment segment, ESG products are already available, but only to a limited extent.
TGS Baltic and Triniti Advise on Cachet's EUR 5.5 Million Investment Round
TGS Baltic has advised the Truffle Capital SAS fund on leading a EUR 5.5 million investment round into Cachet. Triniti and, reportedly, Ireland-based Mason Hayes & Curran advised Cachet on the round.
Redcliffe Partners Advises EBRD on Food Security Guarantee Program
Redcliffe Partners has advised the EBRD on providing risk-sharing instruments to ProCredit Bank, OTP Bank, and OTP Leasing in Ukraine in a food security guarantee program worth up to EUR 30 million.
CMS Appoints Vitaliy Radchenko as Kyiv Office Managing Partner
CMS Cameron McKenna Nabarro Olswang has appointed Vitaliy Radchenko as the new Managing Partner of its Kyiv office, taking over from Graham Conlon who oversaw the firm's operations in Ukraine for the past five years.