Clifford Chance Badea advised the banking syndicate in the EUR 214.45 million financing of Enery Power Holding's portfolio of renewable energy and batteries in Romania
The Project Finance team within Clifford Chance Badea's Energy and Renewable Energy practice advised the banking syndicate including UniCredit Bank, Banca Comercială Română (BCR) and Erste Group Bank in the signing of the EUR 214.45 million financing agreement with Austrian group Enery Power Holding for its entire Romanian portfolio of renewable energy projects and batteries.
The team of lawyers coordinated by Counsel Andreea Şișman and including Adelina Seserman (Associate), Alexandru Achim and Georgiana Cupaș (lawyers) has advised throughout the entire process, including on aspects regarding financial structuring, regulatory, due diligence, as well as drafting and negotiation of financing documents.
Counsel Andreea Şișman says: "At the end of a very intense year for our Project Finance team, we add a new representative financing for the renewable energy industry. We were happy to once again work with our colleagues from UniCredit Bank, Erste and BCR, with whom we have a long collaborative relationship, and also with the Enery team, with whom we have worked on several transactions that consolidated the company's position on the Romanian market."
Two years ago, a team coordinated by Andreea Şișman advised BCR and Erste Group Bank in connection with the financing agreement for the takeover of the Romanian renewable energy portfolio of the Canadian company Jade Power Trust by Enery Power Holding.
In the first part of this year, Clifford Chance Badea advised the Austrian group in connection with the acquisition and financing of the photovoltaic park in Sărmaşag commune, Sălaj county, with a projected capacity of 50 MW, from the independent electricity supplier Restart Energy One.
The recently agreed financing with the three banking institutions will support Enery Power Holding's plans for the development and consolidation of its renewable energy projects in Romania.
Nadia Badea, Partner and coordinator of the Energy M&A practice, adds: "We are going through a very dynamic period in the renewable energy industry, at all levels. This financing agreement adds to our record portfolio of renewable energy projects we have worked on in 2024 and confirms what we have already announced – the financing activity in this industry will intensify over the coming period to support increasingly ambitious and sophisticated projects carried out by the investors present in Romania."
