CMS advises a syndicate of banks on the EUR 126m financing of two wind farms in Croatia

CMS advises syndicate banks EUR 126 financing two wind farms Croatia

Photo: Erich Westendarp from Pixabay


October 27, 2022







October 27, 2022






International law firm CMS has advised a syndicate of banks, including UniCredit’s Zagrebačka Banka, the Croatian Bank for Reconstruction and Development (HBOR), and the European Bank for Reconstruction and Development (EBRD), on a EUR 126 million package to build two onshore wind farms in Croatia.

Finland-based Taaleri Energia, part of the Helsinki Stock Exchange listed Taaleri Group, and Croatian renewable energy company Encro are building Croatia’s first utility-scale renewable energy project developed outside of a state subsidy scheme. The two onshore wind farms will be located in Croatia’s coastal region of Dalmatia, near the city of Zadar and will have a combined capacity of 111 MW.

The CMS Croatia team was led by Jelena Nushol Fijacko and Marija Musec for all Croatian law aspects of the transaction and they were supported by Relja Rajkovic (Finance). The CMS Poland team was led by Rafal Zakrzewski for all English law matters and Marcin Bejm, with support from Orest Matviychuk, Przemysław Karolak, Krzysztof Mrozik, Marcin Krzemien, Michał Horelik and Jakub Śmiałek (Finance); and Angelika Szufel and Piotr Prawda (Energy).

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

European Parliament passes electricity gas market reform

European Parliament passes electricity, gas market reform

12 April 2024 - European lawmakers adopted the energy market design reform proposal to facilitate decarbonization and ease the impact of sharp price swings

Vladimir Malinov Bulgaria caretaker cabinet quits Bulgartransgaz CEO

Vladimir Malinov joins Bulgaria’s caretaker cabinet, quits as Bulgartransgaz CEO

11 April 2024 - Dimitar Glavchev's interim Council of Ministers of Bulgaria includes Acting Minister of Energy Vladimir Malinov

Europe largest solar farm Witznitz eastern Germany

Europe’s largest solar farm Witznitz commissioned in eastern Germany

11 April 2024 - Hansainvest and developer Move On inaugurated the Witznitz solar park of 605 MW in peak capacity on coal land near Leipzig in Germany

Romania offshore wind energy law first megawatts 2032

Romania adopts offshore wind energy law to get first megawatts in 2032

10 April 2024 - More than two thirds of lawmakers voted for Romania's first offshore wind energy law, aimed at getting the first turbines online in 2032