Bucharest—Global law firm Dentons has advised Piraeus Bank S.A. (Greece) on a €181 million project financing for the construction of a solar power plant located in Romania, with an approximate capacity of 273 MW, developed by METLEN Energy & Metals S.A. Greece.
The transaction is part of the bank's strategy to actively support the renewable energy sector, which offers strong dynamics and significant growth prospects.
Dentons acted as the lead counsel for the bank on both English and Romanian law, overseeing and coordinating the financing transaction from drafting to closing. Banking and Finance partner Simon Dayes led the legal team, assisted by counsel Maria Tomescu and associates Alin Serea and Carmen Banica (all Banking and Finance) and senior associate Luiza Onofrei (Real Estate).
Simon Dayes commented: “We are honored to have supported Piraeus Bank and METLEN in this landmark financing. This transaction not only strengthens Romania’s renewable energy sector but also reflects the growing momentum behind sustainable investments across the region.”
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