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CMS advises EBRD on renewable energy investment in Ukraine

15/ 07/ 2020
  CMS Cameron McKenna Nabarro Olswang in Kyiv is pleased to announce that it has advised the European Bank for Reconstruction and Development (EBRD), the largest international financial investor in Ukraine, on a loan of approximately USD 13.9 million to Irshanska SES LLC. The loan proceeds are designed to support the construction and operation of the 30 MW solar power plant in the Zhytomyr region of Ukraine. The financing is provided by EBRD within the framework of the Ukraine Sustainable Energy Lending Facility programme, which focuses on the development of the renewable support scheme in Ukraine and the expansion of renewable energy technologies. CMS acted on all aspects of the project development and financing across five jurisdictions, including the negotiation of all transactional documents, as well as related advice on real estate, banking and finance, energy regulatory issues and due diligence aspects. The CMS team was led by Mark Segall (Partner, Head of Finance CEE/CIS), and included Vitaliy Radchenko (Partner, Energy & Projects, CMS Kyiv), Ihor Olekhov (Partner, Head of Banking & Finance, CMS Kyiv), Natalia Kushniruk (Partner, Real Estate and Construction, CMS Kyiv) Benoît Vandervelde (Associate Partner, Banking & Finance, CMS Belgium), Vivian Walry (Partner, Head of Banking & Finance, CMS Luxembourg), Elitsa Ivanova (Partner, Banking & Finance, CMS Bulgaria), with additional support from senior associate Volodymyr Kolvakh (Energy & Projects, CMS Kyiv), associate Anatolii Doludenko (Energy & Projects, CMS Kyiv) and lawyer Ivan Pshyk (Banking & Finance, CMS Kyiv). -END- For further information, please contact: Darina Gordienko CMS Cameron McKenna Nabarro Olswang E: darina.gordienko@cms-cmno.com /+38044 3913377 NOTES TO EDITORS About CMS CMS provides clients with specialist, business focused advice in law and tax matters. With our 4,500 legal professionals across the world, working in sector-based teams and expert in project management, our focus is on our clients and fulfilling their objectives. CMS is a full-service top 10 global law firm, based on the number of lawyers (Am Law 2018 Global 100). With 70+ offices in 40+ countries across the world, revenues totalled €1.36bn in 2018. CMS acts for the majority of the DAX 30, a large number of the FT European 500 and a number of Fortune 500 companies. CMS provides a wide range of expertise across 19 expert practice and sector areas including Banking and Finance, Commercial, Competition, Corporate, Dispute Resolution, Employment, Energy, Funds, Intellectual Property, Life Sciences/ Pharmaceuticals, Real Estate & Construction, Tax and TMT. For more information, please visit www.cms.law CMS offices and associated offices: Aberdeen, Algiers, Amsterdam, Antwerp, Barcelona, Beijing, Belgrade, Berlin, Bogotá, Bratislava, Bristol, Brussels, Bucharest, Budapest, Casablanca, Chile, Cologne, Colombia, Dubai, Dusseldorf, Edinburgh, Frankfurt, Geneva, Glasgow, Hamburg, Hong Kong, Istanbul, Johannesburg, Kyiv, Leipzig, Lima, Lisbon, Ljubljana, London, Luxembourg, Luanda, Lyon, Madrid, Manchester, Medellín, Mexico City, Milan, Mombasa, Monaco, Moscow, Munich, Muscat, Nairobi, Paris, Podgorica, Prague, Peru, Reading, Rio de Janeiro, Rome, Santiago de Chile, Sarajevo, Seville, Shanghai, Sheffield, Singapore, Sofia, Strasbourg, Stuttgart, Tirana, Utrecht, Vienna, Warsaw, Zagreb and Zurich

CMS Cameron McKenna Nabarro Olswang in Kyiv is pleased to announce that it has advised the European Bank for Reconstruction and Development (EBRD), the largest international financial investor in Ukraine, on a loan of approximately USD 13.9 million to Irshanska SES LLC.

The loan proceeds are designed to support the construction and operation of the 30 MW solar power plant in the Zhytomyr region of Ukraine. The financing is provided by EBRD within the framework of the Ukraine Sustainable Energy Lending Facility programme, which focuses on the development of the renewable support scheme in Ukraine and the expansion of renewable energy technologies.

CMS acted on all aspects of the project development and financing across five jurisdictions, including the negotiation of all transactional documents, as well as related advice on real estate, banking and finance, energy regulatory issues and due diligence aspects.

The CMS team was led by Mark Segall (Partner, Head of Finance CEE/CIS), and included Vitaliy Radchenko (Partner, Energy & Projects, CMS Kyiv), Ihor Olekhov (Partner, Head of Banking & Finance, CMS Kyiv), Natalia Kushniruk (Partner, Real Estate and Construction, CMS Kyiv) Benoît Vandervelde (Associate Partner, Banking & Finance, CMS Belgium), Vivian Walry (Partner, Head of Banking & Finance, CMS Luxembourg), Elitsa Ivanova (Partner, Banking & Finance, CMS Bulgaria), with additional support from senior associate Volodymyr Kolvakh (Energy & Projects, CMS Kyiv), associate Anatolii Doludenko (Energy & Projects, CMS Kyiv) and lawyer Ivan Pshyk (Banking & Finance, CMS Kyiv).

-END-

For further information, please contact:

Darina Gordienko

CMS Cameron McKenna Nabarro Olswang

E: darina.gordienko@cms-cmno.com /+38044 3913377

NOTES TO EDITORS

About CMS

CMS provides clients with specialist, business focused advice in law and tax matters. With our 4,500 legal professionals across the world, working in sector-based teams and expert in project management, our focus is on our clients and fulfilling their objectives.

CMS is a full-service top 10 global law firm, based on the number of lawyers (Am Law 2018 Global 100). With 70+ offices in 40+ countries across the world, revenues totalled €1.36bn in 2018. CMS acts for the majority of the DAX 30, a large number of the FT European 500 and a number of Fortune 500 companies.

CMS provides a wide range of expertise across 19 expert practice and sector areas including Banking and Finance, Commercial, Competition, Corporate, Dispute Resolution, Employment, Energy, Funds, Intellectual Property, Life Sciences/ Pharmaceuticals, Real Estate & Construction, Tax and TMT.

For more information, please visit www.cms.law

CMS offices and associated offices: Aberdeen, Algiers, Amsterdam, Antwerp, Barcelona, Beijing, Belgrade, Berlin, Bogotá, Bratislava, Bristol, Brussels, Bucharest, Budapest, Casablanca, Chile, Cologne, Colombia, Dubai, Dusseldorf, Edinburgh, Frankfurt, Geneva, Glasgow, Hamburg, Hong Kong, Istanbul, Johannesburg, Kyiv, Leipzig, Lima, Lisbon, Ljubljana, London, Luxembourg, Luanda, Lyon, Madrid, Manchester, Medellín, Mexico City, Milan, Mombasa, Monaco, Moscow, Munich, Muscat, Nairobi, Paris, Podgorica, Prague, Peru, Reading, Rio de Janeiro, Rome, Santiago de Chile, Sarajevo, Seville, Shanghai, Sheffield, Singapore, Sofia, Strasbourg, Stuttgart, Tirana, Utrecht, Vienna, Warsaw, Zagreb and Zurich

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