Practice Areas - Project Finance and Infrastructure Law Firms and Lawyers
| Deal Date: | 18-07-2012 | Practice Area: | Project Finance and Infrastructure |
| Deal Title: | Acquisition of 60.4MW Karadzhalovo Solar Plant | Industry: | Alternative Energy |
| Description: |
Ashurst has acted as lead counsel on behalf of a consortium of sponsors on the acquisition of a 60.4 MW solar plant located in Karadzhalovo, Bulgaria, from solar energy services provider SunEdison and in the subsequent step-in by the sponsors in the existing project financing.
The group of sponsors includes First Reserve Energy Infrastructure Advisors, L.L.C., International Company for Water and Power Projects and Crescent Capital Advisory Ltd. The lenders include Overseas Private Investment Corporation, International Finance Corporation, Unicredit Bank Austria AG and Unicredit Bulbank AD.
The Ashurst team was led by Milan-based partner Carloandrea Meacci, assisted by senior associate Annamaria Pinzuti and associate Federica Periale. London-based partner David Wadham, senior associate Nick Rainsford and associate Dominic Ross advised under English law. CMS Cameron McKenna LLP advised the sponsors on Bulgarian law and Wolf Theiss advised the seller. Allen & Overy acted as lead counsel for the banks.
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| Financial Center: | Milan | Value: | 0.00-0.00 |
| Advised Party: | Purchaser | Law Firm | Ashurst |
| Assets Jurisdiction | Bulgaria | Purchaser Jurisdiction | United States,Saudi Arabia |
| Classification: |
Transfer of Infrastructure Assets Renewable Energy Assets Solar Park |
Lawyer | Carloandrea Meacci |
