Global law firm Ashurst has advised Renalfa IPP in relation to its landmark €315 million HoldCo financing which was approved for an Invest EU guarantee scheme.
The consortium of lenders included the European Bank for Reconstruction and Development, Black Sea Trade and Development Bank, OTP Bank, Nova Ljubljanska Banka, UniCredit, and Kommunalkredit.
The financing will support a €1.2 billion investment programme for Renalfa's portfolio, to install around 1.6 GW of generation assets and around 3.3 GWh of co-located Battery Energy Storage Systems across Bulgaria, Hungary, Romania, and North Macedonia. Once operational, this will deliver c. 2.3 TWh of green electricity annually, enough to power 920,000 households.
The Ashurst team was led by partner Lindsey Bouchara, supported by partner Antony Skinner, senior associate Sam Naylor, associates Elizabeth Hoyle and Sha Lin Koh, and trainee Olivia Reed.
