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).
Over 23,000 nurses who trained in Romania work abroad in ten European countries, according to the Organization for Economic Cooperation and Development (OECD), at the request of Ziarul Financiar. Italy, the United Kingdom, and Belgium have been the most frequently chosen destinations in the last ten years...
Under existing legislation, Romania has pre-emptive rights only for the natural gas already extracted - and not for the natural gas that will be extracted in the future, according to clarifications provided to Ziarul Financiar by the National Administration of State Reserves and Special Issues (ANRSPS)...
Romanian minister of energy Sebastian Burduja announced a detailed report on the negative effects of the Green Deal policies on the Romanian energy sector. Quoting US president Donald Trump, Burduja said a state's democracy depends on its economy and, consequently, on its ability to produce safe, affordable, and abundant energy. "Energy that keeps factories open, […]
Romania's budgetary-structural plan was approved by the ECOFIN Council on January 21, alongside similar plans for 20 other EU member states, minister of investments and European projects Marcel Boloș announced on Facebook. Romania's budget deficit hit 8.6% of GDP in 2024, nearly three times the 3% upper limit, in the fourth year...
Otilia Bordei, Roxana Ilie and Louis Juhel, a team of three seasoned experts with over 30 years of combined experience in the real estate market, are launching TREEE, a consulting company specialized in identifying and brokering office spaces. TREEE is dedicated to supporting companies in finding sustainable office solutions, thereby contributing to achieving environmental, social […]
A total of 26,033,372 passengers transited Romanian airports last year, a 6% increase compared to 2023, according to data from the Romanian Airports Association (AAR). The number of passengers traveling to international destinations increased by 7% compared to the previous year, while the number of passengers on domestic flights decreased...
