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Clifford Chance and Dominkovic & Osrecak Advise on EUR 126 Million Financing for Zadar Wind Farm

Clifford Chance and Dominkovic & Osrecak Advise on EUR 126 Million Financing for Zadar Wind Farm

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Clifford Chance and Dominkovic & Osrecak have advised Taaleri Energia and Encro on the EUR 126 million senior debt financing package for the construction of the Zadar wind farm in Croatia. CMS reportedly advised the lending consortium.

The consortium providing project financing included Zagrebacka Banka, the Croatian Bank for Reconstruction and Development, and the European Bank for Reconstruction and Development.

Taaleri Energia is a Nordic renewables fund manager and developer. Encro is a renewable energy developer in Croatia.

According to Clifford Chance, “the Taaleri SolarWind II fund acquired the wind farm, which will have a capacity of 111 megawatts, together with Encro, the farm's original developer. The Zadar wind farm is located in the county of Zadar, around 300 kilometers south-west of the capital city Zagreb. The wind farm is planning to enter into a long-term power purchase agreement for a substantial proportion of the electricity generated.”

Clifford Chance’s team included Partners Andrzej Stosio and Pawel Puacz, Counsels Dominik Kepinski and Kacper Bardan, and Associate Artur Gladysz.

Dominkovic & Osrecak's team included Managing Partner Ivana Dominkovic Cecelja and Attorney at Law Emanuel Matesic.

Editor's Note: After this article was published, CMS confirmed its involvement in the deal. The firm's team included Croatia-based Partners Jelena Nushol Fijacko and Marija Musec and Senior Associate Relja Rajkovic and Poland-based Partner Rafal Zakrzewski.

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Čipčić-Bragadin Mesić & Associates is one of the leading law firms in Croatia that serve companies, credit & financial institutions and public entities. We have been recommended and recognized as the legal experts and service leaders by many leading international legal guides for more than 15 consecutive years. With roots dating from 1928. we now probably have more tradition, experience and market presence than almost any other law firm in Croatia. We work closely with the leading international law firms and consultants so we’re able to manage complex, cross-border projects and deals seamlessly and successfully. Around 85% of our clients are international enterprises doing business in Croatia. List of our clients include some of the world-renowned companies such as Amazon Europe Core, China Machinery Engineering Corporation, Tate & Lyle, Nafta a.s., Unilever Croatia, Unilever Hungary, Lenovo, Innoenergy CE, Flixmobility, Flixbus CEE South, Okoenergie Group, CTC Holding, Bunge Limited, Chipita, Rolls-Royce, Canvas Holidays, Vacalianselect, Redgate Software, Red gate Investment, Yahoo!, Aston Martin Lagonda, Domino Printing UK, Domino Printing Sciences, Goldman Sachs, Deutsche Bank, Barclays Bank, HSBC, State Street Bank, Citigroup Global Markets, Credit Suisse, Bank of America Merill Lynch, Standard Chartered, Och-Ziff Capital Management, Amundi Asset Management, Altima International, Red Arc Global Investments, SMBC Nikko Capital Partners, Royal Bank of Scotland, Morgan Stanley International, J.P. Morgan group, Allianz Global Investors, Schroders, Macquarie Bank, Digital Finance International, Winton Capital Management, Citibank, Invesco Asset Management Österreich, Croatian Pension Investment Company, Unicredit Bank AG etc. We enjoy learning about our clients’ businesses and want to understand them completely so we can provide the best possible and complete service.

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