Dentons and Greek-based MSTR Law have advised the Greencells Group on obtaining EUR 65 million in development financing for its solar plant portfolio across seven jurisdictions. Bernitsas and, reportedly, Hogan Lovells advised Kommunalkredit – the structuring bank and sole lender.
Greencells Group is a renewable project developer.
According to Dentons, "the financing will enable Greencells to fund the further development and expansion of its pan-European photovoltaic and battery storage portfolio and is based on a borrowing base approach with an option to increase the total financing to EUR 100 million."
The Dentons team included Poland-based Partner Piotr Nerwinski, Counsel Joanna Swiostek, Senior Associate Aleksandra Czyz, and Junior Associate Aleksandra Grzeskowiak alongside further team members in Germany, Italy, Spain, France, UAE, and the Netherlands.
The MSTR team included Partner Dirk Reinhardt, Senior Associates Xanthi Kourti, Anastasia Nikolakopoulou, and Thodoris Kriarakis, and Associate Dimitra Georgaki.
Bernitsas' team included Partner Athanasia Tsene and Associate Sildia Fotopoulou.
