Ulusoy Un Secures EUR 80 Million EBRD Loan for Renewable Energy Initiatives
Deal News | Feb 24, 2025 | CEE Legal Matters
Paksoy, collaborating with Dentons, has provided legal counsel to the European Bank for Reconstruction and Development (EBRD) in granting an EUR 80 million loan to Ulusoy Un. This financial backing is aimed at supporting Ulusoy Un's initiatives in renewable energy projects and expanding energy-efficient capacities across Turkiye. The transaction emphasizes EBRD's dedication to advancing green financing, aiding Ulusoy Un in broadening its sustainable energy portfolio. Previously, in 2019, Paksoy played a role in advising on the sale of a consumer electronics firm to Finnish energy company Fortum. The Paksoy legal team involved in the current transaction includes Partner Sera Somay, Counsel Zekican Samli, and Associates Batuhan Sevic, Muhammed Kesim, and Irem Sabuncu.
Sectors
- Renewable Energy
- Financial Services
- Legal Services
Geography
- Turkiye – The article focuses on financial and legal activities occurring within Turkiye, specifically targeting projects within this country.
Industry
- Renewable Energy – The article discusses a significant loan to finance renewable energy projects, indicating a strong focus on the sustainable energy sector.
- Financial Services – The involvement of the EBRD, a financial institution, in providing a loan highlights the financial services industry's role in funding sustainable initiatives.
- Legal Services – The article centers around legal advisement provided by Paksoy and Dentons, indicating the relevance of the legal services industry.
Financials
- EUR 80 million – The loan amount provided by EBRD to Ulusoy Un for renewable energy projects.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| EBRD | Lender | Company | The European Bank for Reconstruction and Development, providing financial support for renewable energy projects. |
| Ulusoy Un | Borrower | Company | The company receiving the EUR 80 million loan for renewable energy projects. |
| Paksoy | Legal Advisor | Company | The law firm advising EBRD on the loan transaction. |
| Dentons | Legal Advisor | Company | An international law firm collaborating with Paksoy on this transaction. |
| Sera Somay | Partner | People | A partner at Paksoy, involved in advising EBRD on the loan. |
| Zekican Samli | Counsel | People | A Counsel at Paksoy, involved in advising EBRD on the loan. |
| Batuhan Sevic | Associate | People | An Associate at Paksoy, part of the legal team advising EBRD. |
| Muhammed Kesim | Associate | People | An Associate at Paksoy, part of the legal team advising EBRD. |
| Irem Sabuncu | Associate | People | An Associate at Paksoy, part of the legal team advising EBRD. |