International law firm CMS has represented UniCredit Bulbank on the refinancing of the 21 MWp operational photovoltaic portfolio of Solarian Holdings, consisting of five operational power plants, located across Bulgaria. The EUR 36 million refinancing project relates to the following special-purpose companies: Consult Solar EOOD, Solar R1 EOOD, Solar RAS EOOD, Green Energy Park EOOD and Vento Eco Energy EOOD, all operating under the Contracts-for-premium (CfP) scheme, successfully introduced by Bulgaria in order to replace the Feed-In Tariff (FiT) under the Second Renewable Energy Act (2011).
The CMS Sofia team included partners Dimitar Zwiatkov, Kostadin Sirleshtov and Gentscho Pavlov, senior associates Borislava Piperkova and Ivan Gergov, as well as associates Diyan Georgiev, Tsocho Boshnakov and Lyubomira Tanchovska.
