Heliolux Secures EUR 38 Million Financing for Solar Project
Deal News | Feb 14, 2025 | CEE Legal Matters
Heliolux, a Romanian subsidiary of Ecoenergy, has successfully secured EUR 38 million in project financing from Raiffeisen Bank International. This financing will be used for the development of a 92-megawatt photovoltaic solar project in Parau. The legal advisory was handled by Vlasceanu & Partners, with their team comprising Partner Loredana Vlasceanu, Managing Associate Mihaela Farin, and Senior Associate Flavius Asaftei. CMS provided legal counsel to Raiffeisen Bank.
Sectors
- Renewable Energy
- Legal Advisory
- Financial Services
Geography
- Romania – The solar project and the company Heliolux are located in Romania.
- Austria – Raiffeisen Bank International, involved in providing the financing, is based in Austria.
Industry
- Renewable Energy – The article discusses a solar project in Romania, which is part of the broader renewable energy industry.
- Legal Advisory – The involvement of law firms Vlasceanu & Partners and CMS indicates the legal advisory industry's role in facilitating project financing.
- Financial Services – The financing provided by Raiffeisen Bank places the article within the financial services sector.
Financials
- EUR 38 million – The amount of project financing secured by Heliolux from Raiffeisen Bank.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Heliolux | Target | Company | Romanian subsidiary of Ecoenergy involved in the solar project. |
| Raiffeisen Bank International | Bidding Company | Company | Bank that provided EUR 38 million financing. |
| Vlasceanu & Partners | Legal Advisor | Company | Law firm advising Heliolux on the financing deal. |
| CMS | Legal Advisor | Company | Law firm advising Raiffeisen Bank. |