A bill on the amendment of certain energy-related laws was submitted to the Hungarian Parliament at the end of October 2024. Among others, the bill would amend the following laws from 1 January 2025: the Mining Act, the District Heating Services Act, the Electricity Act, the Environmental Product Charges Act and the Waste Act.
Vlasceanu & Partners and Dentons Advise on Econergy's EUR 28 Million Financing for 56 Megawatt Solar Park in Romania
Vlasceanu & Partners has advised Econergy on securing EUR 28 million in financing from Kommunalkredit Austria for the completion of a 56-megawatt solar park located in Olt County, Romania. Dentons advised Kommunalkredit Austria.
Cobalt Advises Inbank on Synthetic Securitization Transaction with EIB Group
Cobalt has advised Inbank on a synthetic securitization transaction involving the European Investment Bank and the European Investment Fund.
DWF Advises EDF Renewables on Battery Energy Storage Project Acquisition
DWF has advised EDF Renewables on the acquisition and development of a 120-megawatt battery energy Storage project from Huffington Invest Group. Sole practitioner Artur Skiba reportedly advised the seller.
Solar Panel Owners Appeal to the Constitutional Court
1,111 complaints have been submitted to the Constitutional Court of Hungary by domestic solar panel users, who argue that the change in the balance accounting system is causing them significant financial disadvantages. Specifically, the amendment introduces a monthly gross settlement after 10 years of solar panel installation.
Schoenherr and Clifford Chance Advise on Enery’s EUR 214.45 Million Loan for Romanian Renewables Portfolio
Schoenherr has advised Enery on a EUR 214.45 million loan facility from a syndicate including UniCredit Bank, Banca Comerciala Romana, and Erste Group Bank with BCR and UniCredit acting as the joint coordinators and bookrunners, UniCredit as the documentation agent, and BCR as the ESG coordinator, security, and facility agent. Clifford Chance advised the banks.
DWF Advises Gulermak Invest on Acquisition of Photovoltaic Farm in Poland
DWF has advised Gulermak Invest on the acquisition of a photovoltaic farm exceeding 40 megawatts in capacity from Sylwia Bojar-Chlodecka and Krzysztof Bojar. Czupajlo, Ciskowski & Partnerzy reportedly advised the sellers.