Clifford Chance Advises BCR on EUR 18.5 Million Financing for Alerion Project
Deal News | May 21, 2025 | CEE Legal Matters
Clifford Chance has played a pivotal role in a significant financial transaction involving an 18.5 million Euro financing agreement. The beneficiary of this funding is Banca Comerciala Romana (BCR), set to bolster the development of a major solar power project owned by Alerion Clean Power Group in Romania. The project, located in Calarasi County, will boast a capacity of 34.69 megawatts, significantly contributing to the European renewable energy landscape. The collaboration underscores Alerion Clean Power Group's commitment to expanding its green energy initiatives in the region. Clifford Chance's legal team, comprising of Partner Andreea Sisman, Senior Associate Oana Ionascu, and Associate Martha Busuiocescu, facilitated the financial transaction needed to propel this renewable venture forward. The solar power plant, pivotal to the development of sustainable energy solutions, is a strategic addition to Alerion Clean Power's European portfolio.
Sectors
- Renewable Energy
- Legal Advisory
- Financial Services
Geography
- Romania – The location of the solar power project as well as the involvement of Banca Comerciala Romana.
- Italy – The home country of Alerion Clean Power Group, the company developing the solar project.
Industry
- Renewable Energy – The project involves the development of a significant solar power plant which is part of the renewable energy sector.
- Legal Advisory – Clifford Chance, a prominent law firm, provided legal services for the financing arrangement.
- Financial Services – Banca Comerciala Romana, a financial institution, is providing the financing for the solar power project.
Financials
- EUR 18.5 million – The financing amount provided by Banca Comerciala Romana for the solar power project.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Alerion Clean Power Group | Developer | Company | An Italian company focused on renewable energy projects across Europe. |
| Banca Comerciala Romana | Financier | Company | A Romanian bank providing financing for the solar power project. |
| Clifford Chance | Legal Advisor | Company | An international law firm advising BCR on the financing deal. |
| Andreea Sisman | Partner | Person | Partner at Clifford Chance leading the legal team for the financing deal. |
| Oana Ionascu | Senior Associate | Person | Senior Associate at Clifford Chance working on the financing deal. |
| Martha Busuiocescu | Associate | Person | Associate at Clifford Chance supporting the financing deal. |