Bernitsas Law advised Kommunalkredit Austria AG on the Greek law aspects of a €65m cross-border senior secured development facility to Greencells Group. The facility provides bridge financing for Greencells to develop its international green energy project portfolio across Europe.
Kommunalkredit Austria AG is a specialised bank for infrastructure and energy financing, a banking partner for both corporate and financial sponsors active in the construction, acquisition and operation of infrastructure and energy projects as well as the public sector in the financing of its infrastructure investments.
Greencells Group specializes in the development, financing and construction of solar power plants worldwide.
Hogan Lovells acted as international legal advisor to Kommunalkredit Austria. Partner Athanasia Tsene, assisted by Associate Sildia Fotopoulou advised on the Greek leg of the transaction.
