Berlin – GOLDBECK SOLAR Investment and the European Bank for Reconstruction and Development (EBRD) have signed an agreement to establish the joint venture company GOLDBECK SOLAR Investment Ukraine on the sidelines of the Ukraine Recovery Conference. Completion of the transaction is subject to the usual regulatory approvals.
The aim of the joint venture is to develop, finance, build and operate solar energy projects in Ukraine, thereby supporting Ukraine's energy independence and resilience. GOLDBECK SOLAR Investment Ukraine plans to realize up to 500 MWp of solar projects in the next three to five years. Construction of the first solar park is set to begin in autumn 2024. GOLDBECK SOLAR wants to set an example with the joint venture. The company sees great potential in Ukraine and is confident that it will not only make a sustainable contribution to the country's energy supply, but also encourage other companies to follow this path. GOLDBECK SOLAR and the EBRD have already worked together on previous debt financing transactions in Poland and Kazakhstan.
An international CMS team headed by lead partner Dr Igor Stenzel provided comprehensive legal advice to GOLDBECK SOLAR Investment during the negotiation of the agreements to establish the joint venture.
GOLDBECK SOLAR Investment GmbH, based in Hirschberg an der Bergstraße in Baden-Wuerttemberg, is part of the GOLDBECK SOLAR Group, a leading global provider of EPC and O&M services. Founded in 2018, the company specializes in project development, acquisition and sales, structuring, financing and asset management from the owner's perspective. It is currently active in twelve countries and has a project development portfolio of over four GWp and a project portfolio of completed assets of over 440 MWp.
CMS Germany
Dr Igor Stenzel, Lead Partner
Alexander Gaul, Associate
Dr Hanna Heimrath, Research Associate, all Corporate/M&A
Dr Jens Moraht, Partner, Banking, Finance & Insurance
Dr Rolf Hempel, Partner
Elisa Götz, Associate, both Antitrust, Competition & Trade
Dr Martin Friedberg, Partner, Tax law
CMS Ukraine
Vitaliy Radchenko, Partner, Energy
Olga Belyakova, Partner
Mykola Heletiy, Senior Associate, both Competition
Mariana Saienko, Senior Associate, Corporate/M&A
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