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CMS Advises UniCredit Bank on EUR 39 Million Financing for Enery's Comcris Energy

CMS Advises UniCredit Bank on EUR 39 Million Financing for Enery's Comcris Energy

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CMS has advised UniCredit Bank on its EUR 39.3 million financing for Enery group subsidiary Comcris Energy for the construction of a 51.4-megawatt solar ground-mounted photovoltaic project located in Sarmasag, Romania. Clifford Chance Badea reportedly advised the borrower.

Founded in 2019, Enery has quickly become one of the leading renewable energy developers in Central and Eastern Europe, according to CMS. "Enery is leading the green energy transition through the acquisition, development, construction, and operation of large-scale renewable energy plants. With a sustainable long-term vision, it delivers clean electricity at affordable prices to create a more sustainable energy landscape."

"Romania's commitment to increase its installed solar energy capacity and the aim to have over eight gigawatts in photovoltaic renewable energy production units installed by 2030 signals a promising trend and we anticipate a significant increase in such financings in the future," CMS Senior Associate Andreea Turcu commented.

The CMS team included Turcu, Partners Ana Radnev and Roxana Fratila, Senior Associates Alex Dumitrescu and Raluca Diaconeasa, Associate Bianca Banateanu, and Junior Lawyer Andreea Bianca Radu.

CMS at a Glance

CMS Sofia is a full-service law firm, the largest international law firm in Bulgaria and one of the largest providers of legal services in the local market as a whole. The breadth and depth of our practice means that our lawyers are specialised, with a level of specialisation that few of our competitors can match.

CMS Sofia is the Bulgarian branch of CMS, a top ten global legal and tax services provider with over 5000 lawyers in 43 countries and 78 offices across the world.

CMS entered the Bulgarian market as one of the first internationally active law firms in 2005 and is now among the most respected legal advisors in the country. We have 7 partners, 4 counsel and over 30 lawyers in our office in Sofia.

Our legal experts, who are rooted in Bulgaria’s local culture, can also draw on years of experience in foreign countries and are at home in several legal systems at once. We know the particularities of the local market just as well as the needs of our clients and combine both to achieve optimum solutions. Our lawyers are Bulgarian qualified and we also have English qualified experts – all of them regularly working on cross-border mandates.

In our work, we focus on M&A, Energy, Projects and Construction, Banking and Finance, Real Estate, Media, IP and IT law, Tax, Employment law, Competition, Procurement and any kind of Dispute resolution, including arbitration and mediation. What’s more, we also take care of the entire legal management of our clients’ projects.

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