Global law firm Norton Rose Fulbright has advised Alpha Bank on the $30 million non-recourse financing of a greenfield onshore wind power project developed by Eoliki Energiaki Achladotopos S.A., a Greek subsidiary of Total Eren, in Evia, Greece.
The project will have a total installed capacity of 19.2 MW, consisting of six Siemens wind turbine generators, and is expected to come online by October 2018.
This is one of the very first projects that was financed under the new national support scheme for renewable electricity.
The team was led by partner Dimitris Assimakis, with assistance from senior associates Dimitra Giannoula, Minas Kitsilis and associate Christina Korinthios. German law advice was provided by partner Dirk Trautmann, senior associate Oliver Paasch and associate Matthias Zimmermann and Luxembourg law advice was provided by partner Stéphane Braun and of counsel Cyril d’Herbes .
Dimitris Assimakis commented:
“We are delighted to have advised Alpha Bank in one of the very first wind projects under the new national support scheme for renewable electricity. It illustrates both Alpha Bank’s strong commitment in the Greek renewable energy sector, as well as Total Eren’s leading position in the Greek wind power market.”
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