Kommunalkredit. Resolar project finance

 

1.      Deal Description

 

Guerrero Olivos advised Kommunalkredit, an Austrian banking institution specializing in infrastructure and energy financing, in the local-level procedures associated with the financing provided to Resolar for the purchase and development of a photovoltaic plant with an installed capacity of approximately 50 MWp.

 

The transaction constituted the initial disbursement under a credit agreement that encompasses financing for the purchase, development, and construction of energy projects in several countries. It encountered several complexities, starting with the analysis and prior due diligence of all information related to the relevant solar project. Additionally, given that this transaction spans different jurisdictions, a high level of coordination among the various parties and their legal counsel was necessary.

 

2.      Counsel list

 

Counsel to Kommunalkredit: Guerrero Olivos

Lead partner: Benjamín Pérez

Partner: Miguel Coddou and associate Ignacio Chomalí

 

International counsel to Kommunalkredit: Gómez-Acebo & Pombo Abogados (GA_P)

 

AKD as counsel to the debtor

 

3.      Date of closing

 

22/12/2023

 

4.      Deal Value

 

EUR40 million

 

5.      Jurisdictions involved

 

Austria, Chile, Spain and Luxembourg