Dusseldorf/Rome—Global law firm Dentons has advised renewables project developer Greencells Group as borrower on obtaining a €65 million development financing for its solar plant portfolio across seven jurisdictions. The structuring bank and sole lender is Kommunalkredit Austria AG.

The financing will enable Greencells to fund the further development and expansion of its pan-European photovoltaic and battery storage portfolio and is based on a borrowing base approach with an option to increase the total financing to €100 million.

Under the leadership of Dr. Axel Schlieter, Dentons advised Greencells in seven jurisdictions on all aspects of the financing. The advice also included a comprehensive due diligence process in all jurisdictions under the overall leadership of Dr. Carsten Steinhauer.

Dentons regularly advises lenders and borrowers on ESG-related credit facilities, often with a focus on renewable energy, infrastructure financing and sustainable finance loan structures.

Advisors to Greencells:

Germany: Dr. Axel Schlieter (Partner, Lead), Julia Heitmann (Counsel), Paul Sieminski (Associate, all Banking and Finance, Dusseldorf), Thomas Schubert (Partner, Corporate/M&A), Dr. David Lange (Partner, Real Estate), Laura Appell (Counsel, Public Law, all Berlin), Dr. Florian Wesche (Partner), Katharina Rath (Counsel, both Energy/Regulatory, Dusseldorf)

Italy: Dr. Carsten Steinhauer (Partner, Lead, Rome), Luigi Costa (Partner, Milan), Mileto Giuliani (Partner, Rome), Christian Fabricatore (Counsel, Rome), Riccardo Narducci (Counsel, Rome), Giulia Ostan (Associate, Rome), Alice Bixio (Associate, Milan, all Banking and Finance) 

Poland: Piotr Nerwiński (Partner), Aleksandra Czyż (Senior Associate), Aleksandra Grześkowiak (Associate, all Banking and Finance), Joanna Świostek (Counsel, Energy Law/Regulation, all Warsaw)

Spain: Luis Belart Siguero (Partner), Miguel del Río (Associate, both Banking and Finance), Almudena Gurpegui (Associate), Javier Moya (Partner), Carlota Sepó (Associate), Nora Pallaruelo (Associate, all Public Law and Regulatory, Madrid)

France: Jean-Marc Allix (Partner), Simon Leduc (Associate, both Banking and Finance), Olivier Genevois (Partner, Corporate/M&A), Marc Fornacciari (Partner), Roxane Leclercq (Associate, Public Law, all Paris)

United Arab Emirates: Nathaniel Armstrong (Partner, Abu Dhabi), Shaakir Daud (Senior Associate, Dubai, both Banking and Finance)

Netherlands: Marcel Janssen (Partner), Kiki van Es (Legal Counsel a.i.), Frits Miedema (Junior Associate, all Banking and Finance), Jan Jakob Peelen (Partner), Sanne Jeurissen (Associate, both Energy Law/Regulation, all Amsterdam)

Greencells was advised on Greek law by Greek law firm MStR Law (Dirk Reinhardt (Partner) and Xanthi Kourti (Associate)).

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