Financing of two wind parks (SUMEC Clean Energy Ltd)
September 14th, 2018
We advised Alpha Bank in relation to the financing of two wind parks (SUMEC Clean Energy Ltd) controlled by two SPVs of an aggregate capacity of 12,625 MW. Our team is performing a legal due diligence of the Assets as part of the legal services for the financing.
The project finance team is drafting the financing documentation: (i) long term facility in the form of a bond loan governed by Greek bond law along with relevant security documents for each Project Company and (ii) a VAT facility in the form of medium term bond loan governed by Greek bond law (iii) a PPA facility in the form of medium term bond loan governed by Greek bond law. Amongst the legal services the team is engaged already with, the following are also included: drafting and negotiation of the security documents, perfection of securities, and coordination of CPs fulfilment and rendering of legal opinions in relation to each project finance facility.