R Engineering Secures EUR 90 Million Financing for Solar Power Park

Spasov and Bratanov, alongside Clifford Chance, has played a pivotal role in advising the International Finance Corporation and Raiffeisenbank International as they provide a substantial EUR 90 million financing package to R Engineering. This funding is earmarked for the construction of a solar power park, underscoring the growing commitment to renewable energy infrastructure. R Engineering is a subsidiary of Rezolv Energy, seeking to expand its footprint in sustainable energy projects. The legal advisory roles were shared among notable firms, with CMS offering legal counsel to R Engineering. The transaction highlights the collaboration between major financial institutions and legal experts across the region, aiming to catalyze investment in renewable energy. Spasov and Bratanov's team featured professionals such as Counsel Nadia Hadjova and Senior Associates Tsvetelina Lazarova and Petar Dyankov, among others. CMS's advisory team included leading figures like Sofia-based Managing Partner Kostadin Sirleshtov and various partners and associates operating from both the Sofia and Prague offices, offering comprehensive legal support for the venture.