The 100MW plant is to be constructed in the Crimea region of the country.
Chris Brown, partner at Norton Rose and advisor to VTB, commented: ‘This is one of the more significant project financing transactions to be undertaken in Ukraine in recent years. The development of project finance in Ukraine has been hampered by a number of legal constraints, which we needed to overcome in order to get this deal done.’
London-based magic circle firm Linklaters acted for the borrowers and Activ Solar GmbH.
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