Piraeus Bank Finances New Solar Project in Romania
Deal News | Feb 19, 2025 | CEE Legal Matters
Dentons has provided legal advisory services to Piraeus Bank for project financing worth EUR 181 million intended for Metlen Energy & Metals’ development of a 273-megawatt solar power plant in Romania. The project underscores the burgeoning expansion of the renewable energy sector in Eastern Europe, highlighting significant investment opportunities and regional growth. The legal team from Dentons, comprising Partner Simon Dayes, Counsel Maria Tomescu, and others, played a crucial role, although Dentons declined to provide further comments on the deal.
Sectors
- Renewable Energy
- Legal Services
- Banking and Finance
Geography
- Romania – The solar plant project being financed is located in Romania, indicating regional investment in renewable energy.
- Eastern Europe – The project emphasizes the growth potential in the renewable energy sector within the Eastern European region.
Industry
- Renewable Energy – The financing supports the development of a solar power plant, which is a part of the renewable energy sector.
- Legal Services – Dentons is providing legal advisory services for the project financing.
- Banking and Finance – Piraeus Bank is involved in the financial aspect of the project, providing significant funding.
Financials
- EUR 181 million – The amount of project financing provided by Piraeus Bank for the development of the solar power plant.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Piraeus Bank | Bidding Company | Company | Greek financial institution providing EUR 181 million project financing for the solar plant. |
| Metlen Energy & Metals | Target Company | Company | Developer of the 273-megawatt solar power plant in Romania. |
| Dentons | Legal Advisor | Company | Law firm providing legal advisory services to Piraeus Bank for the project financing. |
| Simon Dayes | Partner | Person | Partner at Dentons involved in the advisory team for the project. |
| Maria Tomescu | Counsel | Person | Counsel at Dentons involved in the advisory team for the project. |
| Luiza Onofrei | Senior Associate | Person | Senior Associate at Dentons part of the advisory team. |
| Alin Serea | Associate | Person | Associate at Dentons part of the advisory team. |
| Carmen Banica | Associate | Person | Associate at Dentons part of the advisory team. |