NEWS (June 4, 2019)

AVELLUM - Ukrainian legal counsel to EBRD

AVELLUM acted as the Ukrainian legal counsel to the European Bank for Reconstruction and Development  and Nederlandse Financierings – Maatschappij voor Ontwikkelingslanden N.V. (“FMO”) in connection with a senior secured loan to LLC Chysta Enerhiia-2011 in the total amount of up to EUR 24.5 million (and each 50%).

The loan proceeds will be used to finance the construction and operation of a solar photovoltaic plant in the Cherkasy Region..

The project directly contributes towards achieving the 15% government’s target in renewable electricity generation by 2030 (up from the current ~2%).

The AVELLUM team was led by senior partner Glib Bondar with support from counsel Maria Tsabal, senior associate Tetiana Mykhailenko and associates Dmytro Symbiryov, Daryna Mykhailenko, Anna Mykhalova and Anna Kalabska.

 

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