A&O Shearman and DTB Advised Partners Group in the Sale of VSB Group to TotalEnergies
December 2024
Our member firm, Divjak Topic Bahtijarevic & Krka, and A&O Shearman have advised Partners Group, one of the largest firms in the global private markets industry, on the sale of VSB Group, a leading renewable energy platform in Europe, to French energy company TotalEnergies. The transaction gives VSB an equity value of EUR 1.57 billion.
DTB team was led by Damir Topic, Senior Partner, and Dina Salapic, Senior Attorney, and included Marina Kovac Krka, Partner, Senior Attorneys Andrej Zmikic and Jasna Belcic, Attorneys Sanja Novoselic, Barbara Simic and Jure Marovic, Andrija…
DTB Represented EBRD in EUR 100 Million Worth Cooperation with ZABA for the Financing of Green Projects
December 2024
Our member firm, Divjak Topic Bahtijarevic & Krka, represented the European Bank for Reconstruction and Development (EBRD) in partnership with Zagrebačka banka (ZABA), the leading bank in Croatia and member of the UniCredit Group, in which it provided ZABA with an uncapped unfunded portfolio guarantee of up to EUR 80 million under the European Union’s InvestEU Programme. ZABA thus became the EBRD’s first partner financial intermediary under the InvestEU programme. This financial instrument is designed to cover a newly generated portfolio of loans, and the total value of…
KALO & ASSOCIATES Advised on a EUR 110 Million Syndicated Loan
October 2024
Our member KALO & ASSOCIATES has advised on a EUR 100 million syndicated loan, led by Raiffeisen Bank Albania, the proceeds of which will be used to strengthen Albania's renewable energy infrastructure through the construction of three new hydropower plants by Ayen As Energji Sha. The loan represents the largest syndicated loan financed by local banks operating in Albania.
KALO & ASSOCIATES's team was led by Aigest Milo, Co-Managing Partner, and also included Partners Olsi Coku and Oltjon Dano, Armando Toslluku, Special Counsel, and Frensis Nakuci, Senior Associate.
DTB Represented Akuo Energy in the Sale of Elektrana Grubisno Polje
October 2024
Our Croatian member firm, Divjak Topic Bahtijarevic & Krka, represented Akuo Energy in the successful sale of Elektrana Grubisno Polje. This 5 MWe biomass CHP plant and the adjacent Sirocco drying facility in Croatia have been acquired by Ancala, a leading UK-based infrastructure manager. To date, DTB has supported Akuo Energy with various renewables projects.
Mario Krka, Senior Partner, led DTB's experienced team of seasoned lawyers – Ana-Maria Sunko Peric, Attorney (transactional and M&A support), Marina Kovac Krka, Partner (energy), Andrej Zmikic, Senior Attorney (employment),…
KG Law Firm's Contributed to the 2024 Chambers & Partners Renewable Energy Guide for Greece
October 2024
Our Greek member firm, Kyriakides Georgopoulos Law Firm, contributed to the 2024 Chambers & Partners Renewable Energy Guide for Greece, covering both the Law and Practice and Trends and Developments sections. In this publication, Gus J. Papamichalopoulos, Senior Partner, Senior Associates Antonis N. Koumpias and Iakovos Koulouris, and Melina Kolovetsiou, Associate, provide an in-depth analysis of the legal framework and key developments in Greece’s renewable energy sector.
Learn more about the regulatory and market trends shaping the renewable energy landscape in Greece…
Battery Energy Storage Systems in the Greek Electricity Market
October 2024
Gus Papamichalopoulos, Senior Partner, Konstantinos Varelas, Senior Associate, and Iakovos Kouloris, Senior Associate
Kyriakides Georgopoulos Law Firm
In view of the increasing interest by national and international stakeholders in the developing market of the Battery Energy Storage Systems (hereinafter “BESS”) in Greece, KG Law Firm’s Energy practice breaks down the major elements related to the compensation of BESS projects.
Q: Is the BESS market developed in Greece?
A: In view of the state of the Greek energy landscape (grid congestion, high penetration of PVs), during…
The New Framework for Net Billing in Greece
September 2024
Gus J. Papamichalopoulos, Senior Partner, Antonis Koumpias, Senior Associate, and Melina Kolovetsiou, Associate
Kyriakides Georgopoulos Law Firm
Introduction
The installed capacity of Renewable Energy Sources (hereinafter, "RES"), especially from rooftop solar photovoltaic projects (hereinafter, "PVs"), has seen a rapid increase in recent years, driven by a significant drop in the cost of solar power technology. In addition, electricity price volatility has driven prices on the Day-Ahead Market to peak at up to €900/MWh, also impacting retail prices. This volatility, driven…
The AI Surge: Balancing Energy Demand with Energy Innovation
June 2024
Gus J. Papamichalopoulos, Senior Partner, Antonis N. Koumpias, Senior Associate, and Petros Fotakis, Junior Associate
Kyriakides Georgopoulos Law Firm
As the world witnesses a rapid expansion in artificial intelligence (AI) applications, the energy sector is poised to undergo significant transformations. The integration of AI into various products and services will intensify energy demand, a trend that is expected to persist and grow, while AI offers opportunities for optimizing various aspects of the energy industry.
Lately, we have seen the first attempts to regulate the entry…
KG Law Firm Advises Starvert Energy on the Development of its Greek Pipeline of Large-Scale PV Projects Combined with Battery Storage
May 2024
Kyriakides Georgopoulos Law Firm’s Energy & Infrastructure team has announced that it is acting for STARVERT Energy for the development of their Greek portfolio of photovoltaic parks combined with battery storage. Starvert’s Greek portfolio includes two projects of 300 MW each, located in Farsala, Thessaly, and Fokis, Central Greece. Recently, STARVERT Energy expanded its portfolio to a total of 900 MW, with the addition of two more PV parks, 125 MW and 175 MW, situated in Erythres, Attica, and Boeotia. The company aims to further develop its Greek assets in the near future.
KG…
DTB Represented Talan Group in the Sale of 60% of Shares in SOLVIS
May 2024
Divjak Topic Bahtijarevic & Krka represented Talan Group (Talan) in sale of 60% of shares in Solvis, the largest Croatian producer of solar panels and developer of power plants, to Advance Capital Partners (ACP), the largest regional private equity fund based in Slovenia. Completion of the transaction is subject to customary regulatory approvals and other conditions precedent.
This strategic partnership between ACP and Talan will enable the implementation of joint development plans, the internationalisation of business and the development of new green energy solutions, which will…
KG Acted as EQT Investments Group’s Local Counsel on Its Public Offer to Acquire OX2
May 2024
On Monday, 13 May 2024, EQT Infrastructure VI, a private equity firm, made a public offer to buy Swedish renewable energy group OX2, listed in the Stockholm Stock Exchange, for SEK 16.4 billion (USD 1.51 billion) through Otello BidCo AB. The offer is conditional to its acceptance by the majority of OX2’s shareholders.
KG Law Firm’s Energy Infrastructure team was appointed by Vinge to act as the Greek legal counsel for EQT Investments group in the context of carrying out legal due diligence of the Greek assets of OX2. The team was led by Gus J. Papamichalopoulos, Senior Partner, with…
BDK Advokati Advised Enlight Renewable Energy Ltd. and Enlight K-2 Wind on the Development and Financing of the Pupin Wind Farm
March 2024
BDK Advokati successfully advised Enlight Renewable Energy Ltd. and Enlight K-2 Wind on the development and financing of the 94.4MW Pupin Wind Farm, slated for construction in the municipality of Kovacica.
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 MW Kovačica 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…
