Bosnia and Herzegovina: Schoenherr advises Raiffeisen Bank International AG on EUR 31.06m project financing for 60 MW solar power plant to Energy Financing Team SE

Schoenherr Austria and Bosnia and Herzegovina acted as lead counsel to the lender in this matter, while Walder Wyss Ltd and Law Office of Loren Richards acted as local counsels in Switzerland and England, respectively. Schoenherr's services included conducting a legal due diligence, drafting and negotiating the financing term sheet, an Austrian-law-governed facility agreement and local law security documents, as well as general transaction management.

The borrower estimates 103 GWh of energy will be produced in the first year of the power plant's operation, with an annual CO2 reduction of approx. 100,000 t compared to electricity produced in coal-fired power plants. This green energy loan project thus plays a crucial role in increasing the use of renewable energy in Bosnia and Herzegovina while having a minimal impact on the environment.

Raiffeisen Bank International AG (RBI) regards Austria, where it is a leading corporate and investment bank, as well as Central and Eastern Europe as its home market. Twelve markets in the region are covered by subsidiary banks. RBI, which serves 17.8 million customers and has total assets of EUR 204bln, is part of the prestigious Austrian Raiffeisen banking group. RBI has been listed on the Vienna Stock Exchange since 2005.

Energy Financing Team SE Bileca d.o.o. Bileca , a part of EFT Group, is a key player in power trading and investment in Central and Southeast Europe, delivering energy across 20 countries in transactions with more than 150 clients.

Aligning with our commitment to environmental, social and corporate governance (ESG) values, Schoenherr actively contributes to sustainable practices. Learn more about our ESG initiatives on our website.

The Schoenherr team advising on this transaction was co-led by Martin Ebner (partner), Matija Vojnović (partner) and Jelena Arsić (partner), and further included Minela Šehović (attorney at law), Vladimir Markuš (attorney at law), Marko Kostić (associate), Mate Kovacs (attorney at law) and Nikolaus Müllner (associate).