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Dentons and Boyanov & Co Advise on Project Financing for Maglizh Solar Plant in Bulgaria

Dentons and Boyanov & Co Advise on Project Financing for Maglizh Solar Plant in Bulgaria

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Dentons and Boyanov & Co have advised UniCredit Bulbank, Raiffeisen Bank International, the United Bulgarian Bank, and Eurobank Bulgaria on the financing for the construction and operation of a 160-megawatt solar plant in Maglizh, in the Stara Zagora region of Bulgaria. Stoeva Tchompalov & Znepolski reportedly advised the borrowers.

According to Dentons, "the Belozem Solar Park 2, which will have an expected generation capacity of 160 megawatts, is being developed under a special program to preserve and protect the region’s natural biodiversity. The project is sponsored by Eurohold, the largest public company in Bulgaria, and by 360 Energy, which has been successfully developing and managing renewable projects in Bulgaria for the past 12 years."

The Dentons team included Partner Mark Segall, Counsels Patrycja Polasz and Pawel Dlugoborski, and Associate Paulina Surma.

The Boyanov & Co team included Partners Alexander Chatalbashev, Damian Simeonov, and Nickolay Nickolov and Principal Associate Ralitsa Nedkova.