Baker McKenzie's Kyiv, Frankfurt, Berlin, Amsterdam and Zurich Offices assisted Bayerische Landesbank, in connection with a EUR 180 mln loan facility purporting to finance the construction of the two stages of a 200 MW wind power plant in Zaporizhzha region of Ukraine, with Primorskaya-1 and Primorskaya-2 Wind Electric Plants (members of the DTEK Renewables group) as borrowers. The project involved a complex security structure both in and outside of Ukraine.
Baker McKenzie's international team was led by Serhiy Chorny, Managing Partner in the Kyiv Office, with key input from Kathrin Marchant, Partner in the Frankfurt Office, and  Associates Victoria Ischenko, Stepanyda Badovska and Nataliya Tyschenko.
This transaction is among the most significant in the Ukrainian renewable energy sector this year.
When both phases are commissioned, the 200 MW wind farm will generate 650-700 million kWh of green energy. The operation of the facility will reduce CO2 emissions by 700,000 tonnes per year through the reduction of use of conventional generation facilities.
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