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).
Two sovereignist candidates, namely the leader of the far-right Alliance for the Union of Romanians (AUR), George Simion, and former Social Democratic (PSD) prime minister Victor Ponta, are in the first two positions in the race for the presidential office in a Verifield poll commissioned by Bucharest mayor Nicușor Dan and presented on Monday, March […]
Romania is becoming a European benchmark in sustainability, thanks to the Deposit Return System implemented by RetuRO, the company managing the country’s largest circular economy project. The system’s performance in its first year of operation and its development objectives for this year were presented by Gemma Webb, CEO and Chair of the RetuRO Board of […]
Teilor Holding, the company operating the Teilor jewelry store chain, is on track to list its two corporate bonds on the Bucharest Stock Exchange on Thursday, April 13. The bonds, which will go on the AeRO Multilateral Trading System, have a total aggregated value of nearly EUR 4.5 million, and were sold in October last […]
Eight Romanian couriers in the United Kingdom were sentenced to more than 30 years imprisonment after stealing parcels worth EUR 1 million and selling them online. Three of the suspects managed to flee to Romania and are now being sought. The former couriers operated together between September 2022 and February 2023 in Birmingham. Using their […]
Bucharest’s central Easter fair, Traditions and Flowers of the Holidays, returns in King Michael I Park (Herăstrău) between April 12 and 21. Held at the Charles de Gaulle entrance, the event awaits visitors with local crafts, traditions, and various activities. The fair is dedicated both to the Palm Sunday and Easter holidays, the organizers said. […]
Interim president Ilie Bolojan marked 21 years since Romania's accession to the North Atlantic Alliance by stating that the NATO anti-missile shield in southern Romania made the country safe, allowing it to develop economically. NATO membership meant that Romania was a safe place, Bolojan said, adding that this was “especially due to the support provided […]
