AVELLUM advised EBRD and BSTDB on financing of one of largest solar projects in Ukraine

AVELLUM acted as the Ukrainian legal counsel to the European Bank for Reconstruction and Development and the Black Sea Trade and Development Bank (BSTDB) in connection with senior secured loans in the total amount of up to EUR 36.3 million to Rengy Bioenergo LLC.

The Loans will be used to construct and put into operation 3 solar power plants in Mykolaiv region with a total installed capacity of 47 MW..

This is the EBRD’s first project under the recently approved Ukraine Sustainable Energy Lending Facility III (USELF III) framework. The USELF III program, worth EUR 250 million, follows two preceding sustainable-energy lending programs co-financed by the EBRD and the Clean Technology Fund.

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


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