Schoenherr advised Enery on signing a EUR 214.45m bank loan facility with UniCredit Bank, Banca Comerciala Romana and Erste Group Bank AG as Original Lenders and Mandated Lead Arrangers. BCR and UniCredit acted as Joint Coordinators and Bookrunners, while UniCredit was nominated as Documentation Agent and BCR was nominated as ESG Coordinator, Security and Facility Agent. The firm's services covered borrower-side legal advice in connection with this landmark financing deal, which will support the development and consolidation of Enery's renewable energy projects in Romania. The loan facility is strategically allocated to refinancing Enery's entire Romanian renewable energy portfolio, providing financial stability and operational efficiency, constructing a new 64.5 MW PV project and co-locating battery energy storage systems (BESS) in all operational and greenfield power plants to enhance grid stability and storage capabilities. "We congratulate Enery and the lenders on achieving this innovative portfolio financing solution, which will support Enery's commitment to driving sustainable energy solutions in the region. In recent years, we have witnessed a surge in renewable energy project financing and acquisition financing in Romania, a segment where we are happy to have played an active role. This project marks a growing trend where borrowers and lenders work together in seeking creative, tailored bank lending structures for companies engaged in the energy transition," said Schoenherr partner Adina Damaschin, who led the team advising the borrower. Enery is an independent renewable energy provider dedicated to supplying its customers with reliable and affordable long-term green energy. With a diversified green fleet currently generating almost 700 GWh of clean electricity from 490 MW and powering 277,706 households, Enery is at the forefront of the CEE region's transition to sustainable energy. The company's plans include ongoing development projects with more than 8 GW in 11 countries. The Schoenherr team advising Enery was led by Robert Bachner (partner) and Adina Damaschin (partner), and included key team members Loredana Barbu (attorney at law) and Francesca Buta (attorney at law), who were further supported by Catrinel Ghinea (associate) and Razvan Dinica (associate). Schoenherr is a leading regional law firm, with 15 offices and four country desks in Central and Eastern Europe and South-Eastern Europe. The firm has been active in Romania since 1996, providing full-service legal advice to local and multinational companies. Schoenherr Romania is ranked in by all major legal directories that survey the legal market (Chambers and Partners, Legal500, IFLR1000).
Romania has become the EU country with the highest unemployment rate among young people under 25 (26.3%), according to official Eurostat data published in December 2024 and analyzed by the Social Monitor, a project of the Friedrich Ebert Foundation Romania. Thus, Romania surpassed states such as Spain and Greece, where youth unemployment has always been […]
In its half-year report for the second half of 2024, TikTok said it blocked 33,000 spam accounts in Romania and nearly 100,000 fake accounts. It highlighted its intense activity in blocking fraudulent activity related to Romania, particularly during the electoral campaign, indirectly admitting the...
Moldovan president Maia Sandu has acknowledged that some local entrepreneurs are transferring capital to Romania due to its stability as a European Union and NATO member state. Speaking about the country's economic stagnation in 2024, when GDP grew by only 0.1%, and the technical recession in the second half of the year, Sandu highlighted concerns […]
Battery Energy Storage Systems (BESS) are set to become a central component of Romania's power system, according to Oxford-based Aurora Energy Research, whose analysts see investments in Romania's BESS totaling several gigawatts of capacity and several billion euros over the next decade. Aurora pointed to both the opportunities and the risks and uncertainties associated with […]
Romania’s insurance market grew by 11% year-on-year in 2024, reaching a total gross written premium volume of RON 23.4bn (EUR 4.7bn), according to a report published on 1 April by the Financial Supervisory Authority (ASF). General insurance accounted for 81% of total underwritings, while life insurance represented 19%. The total value of insurance premiums for […]
Romania’s authorities are reportedly negotiating with Turkish company Desan Shipyard, which is pondering the option of taking over the activity of Damen Shipyards Mangalia, abandoned last year by its 49% strategic shareholder Damen and currently under insolvency, according to
