May 2024 – Kinstellar has successfully advised leading developer BIG Mega Renewable Energy on a EUR 92 million financing agreement with the European Bank for Reconstruction and Development and OTP Bank to build and operate the 102 MW Urleasca wind farm in Brăila county, Romania.
The milestone project marks BIG Mega Renewable Energy's first renewable investment in Romania, with the signing of the financing agreement highlighted as a crucial milestone for the company's expansion strategy in Romania and the Balkans. The Urleasca wind farm is expected to make a significant contribution to Romania's renewable energy goals, with generation capacity of 292 GWh per year.
The financial closing is expected mid-2024.
Kinstellar's assistance on the financing was coordinated by Magdalena Raducanu (Special Counsel, Co-head of the firm-wide Banking & Finance service line) and included Razvan Constantinescu (Managing Associate) and Horatiu Cretu (Junior Associate).
Kinstellar has been advising BIG Mega Renewable Energy on all of
their renewable energy projects in Romania since entering the
market and from the early development stages. All energy-related
matters, including transactional, development and regulatory
aspects, were coordinated by Iustinian Captariu
(Partner, Head of the firm-wide Energy sector) with the support of
Catalin Graure (Counsel), Madalina
Perte (Managing Associate), Ioana Criste
(Senior Associate), Dana Sarbu (Associate),
Ioana Popescu (Associate), while the real estate
aspects were coordinated by Catalin
Dinu (Counsel) with the assistance of Diana
Istov and Corina Stanciu (Senior
Associates).
Magdalena Raducanu, Special Counsel, Co-head of the firm-wide Banking & Finance service line
Iustinian Captariu, Partner, Head of the firm-wide Energy sector