Eoliki Energiaki Achladotopos S.A.’s $30 Million Financing


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 (Picture), 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 .

Involved fees earner: Dimitris Assimakis – Norton Rose Fulbright; Dimitra Giannoula – Norton Rose Fulbright; Minas Kitsilis – Norton Rose Fulbright; Dirk Trautmann – Norton Rose Fulbright; Oliver Paasch – Norton Rose Fulbright; Matthias Zimmermann – Norton Rose Fulbright; Stéphane Braun – Norton Rose Fulbright; Cyril D’Herbes – Norton Rose Fulbright; Christina Korinthios – Norton Rose Fulbright;

Law Firms: Norton Rose Fulbright;

Clients: Alpha Bank;