Clifford Chance

Clifford Chance advises EBRD on EUR 48 million wind farm financing

International law firm Clifford Chance has advised the European Bank for Reconstruction and Development on a loan of up to EUR 48 million to LLC “Novoazovskiy Wind Park”. The proceeds of the financing will help to develop a 57.5 MW Novoazovsk Wind Farm located in Donetsk region.

This project is one of the first “limited recourse” finance deals in Ukraine. This financing is expected to promote renewable energy in Ukraine, as well as to improve environmental standards in the Ukrainian energy sector overall.

The transaction team comprised Jared Grubb (Partner), Olexiy Soshenko (Counsel), Dmitriy Orendarets (Senior Associate) and Kostyantyn Olefirenko (Associate) from Clifford Chance's Kyiv office.