International law firm CMS has advised Raiffeisen Bank S.A. and Raiffeisen Bank International AG on the financing of Ratesti Solar Plant S.R.L, the largest new solar project developed in Romania to date.

With a capacity of 155MW, the project, owned by Econergy and Nofar Energy, was connected to the electricity grid at the end of November. CMS advised the lenders on all aspects of the financing transaction under Romanian and English law.

Ana Radnev, partner and head of Banking & Finance CMS Romania, comments: “We are proud to have assisted Raiffeisen Bank S.A. and Raiffeisen Bank International AG on this project. CMS’s multidisciplinary practice and our expertise on energy, real estate and financing matters have been invaluable for the successful closing of this financing”.

The multidisciplinary expert CMS team was coordinated by Ana Radnev and Diana Dona, and the team included Varinia Radu, Ramona Dulamea, Raluca Diaconescu, Edwina Udrescu and Mădălina Constantinescu (Energy); Roxana Fratila, Alexandru Trandafir and Bianca Bănățeanu (Real Estate); and Amalia Podoleanu and Florian Păcălici (Banking and Finance).

About CMS

Founded in 1999, CMS is an integrated, multi-jurisdictional organisation of law firms that offers full-service legal and tax advice. With 79 offices in over 40 countries across the world and more than 5,000 lawyers, CMS has long-standing expertise both in advising in its local jurisdictions and across borders. From major multinationals and mid-caps to enterprising start-ups, CMS provides the technical rigour, strategic excellence and long-term partnership to keep each client ahead in its chosen markets.

The CMS member firms provide a wide range of expertise across 19 practice areas and sectors, including Corporate / M&A, Energy & Climate Change, Funds, Life Sciences & Healthcare, TMC, Tax, Banking & Finance, Commercial, Antitrust, Competition & Trade, Dispute Resolution, Employment & Pensions, Intellectual Property and Real Estate.