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Dentons has advised the EBRD and the Eiffel Investment Group on a bridge financing loan of EUR 45 million to support the construction and operation of 16 PL-Sun photovoltaic power plants with a total installed capacity of 114.7 megawatts. Wardynski & Partners reportedly advised PL-Sun.

Having a somewhat steady Government and Parliament since mid-2023 has led to more predictability in the Bulgarian regulatory environment for renewables. In October 2023, some important and significant changes to the RES Act entered into force, thus solidifying local support for renewable energy.

In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and keep our readers apprised of the latest developments impacting their respective practice areas.

Discussing how the energy markets are evolving – diversifying, moving away from dependence on Russian gas, and becoming ever-greener – CMS Partners Horea Popescu, Blazej Zagorski, Thomas Hamerl, and Maria Orlyk take a deep dive into the dynamic shifts in the energy landscape post-2022.

Lambadarios has advised RWE Renewables and PPC Renewables on the financing for their 940-megawatt portfolio of solar farms in Amyntaio, Western Macedonia, through their Meton joint venture company. Karatzas & Partners advised Eurobank, Alpha Bank, and the National Bank of Greece on the financing.

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