BDK Advokati has advised Enlight Renewable Energy and Enlight K-2 Wind on the development and financing of the 94.4-megawatt Pupin wind farm slated for construction in Kovacica, Serbia. Harrisons and, reportedly, White & Case advised lenders Erste Bank AG, Erste Bank Novi Sad, and the EBRD on their EUR 91.4 million financing.
According to BDK Advokati, "the Pupin Wind Farm emerged as one of the successful bidders in last year’s market premium auction and is the first one to secure project financing. Situated adjacent to the operational 104.5-megawatt Kovacica Wind Farm, also developed by Enlight Renewable Energy, these projects will collectively position Enlight Renewable Energy as one of the largest independent power producers in the Republic of Serbia."
According to Harrisons, "Pupin will be the second windfarm in Kovacica financed by the same lenders and owned by Enlight. It will have 16 wind turbines [and] also be the first EBRD project under the contract for difference (CfD) scheme. [This] will contribute to climate change mitigation and the Serbian energy green transition by increasing the share of renewable energy generation in the country and adding new wind generation capacity to the national energy system. In addition, the project will also strengthen the private sector presence in the renewable energy sector in Serbia.
The BDK team included Senior Partners Dragoljub Cibulic and Dragoljub Sretenovic, Partner Milan Dakic, Senior Associate Djordje Zejak, and Associate Ana Jovanovic.
The Harrisons team included Consultant Ines Matijevic-Papulin and Associates Mina Zeljkovic and Aleksandar Jovicevic.
