News
Development of Wind Farm Capacities
The development of the second round of wind farm capacities in Serbia is expected to start at some point in 2020 and on.
Investments in Renewable Energy Projects
Besides projects for construction of windfarms Brajici and Gvozd and solar power plant near Ulcinj that are currently underway, no other renewable projects have been officially announced. However, due to recent decision of the Montenegrin Government not to invest in construction of the second block of thermal power plant Pljevlja, further investments in the renewable energy sector may be expected before 2030. One of the potential projects is construction of a solar power plant near Podgorica.
KG Law Firm Advises on Financing of Wind Farms in Greece
Kyriakides Georgopoulos Law Firm acted as a joint Greek legal advisor to European Investment Bank and to Alpha Bank A.E. on financing of two wind parks in northern Greece.
The financing was structured on a limited recourse project finance basis by means of a long-term facility in the form of a hybrid bond loan governed by the Greek Bond Law No. 3156/2003 and German law, along with relevant Greek law security documents for each Project Company. The European Investment Bank's loan is backed by the EU budget guarantee of the European Fund for Strategic Investments, the financial instrument of the…
