Greece based Eurobank secured approximately €144 million (~ $ 167.09 million) in non-recourse financing for a 156 MW photovoltaic portfolio developed by Trifylli Iliaki S.M.S.A., a Greek subsidiary of Mirova. The portfolio consists of four ready-to-build PV projects located in Kozani and Grevena in northwestern Greece. The financing structure includes funds from the Recovery and Resilience Facility alongside commercial lending arranged by Eurobank. The projects span 257 hectares and are expected to generate more than 300 GWh of electricity annually which is equivalent to the consumption of over 75,000 households. Reed Smith advised Eurobank on the transaction, with legal support across Greek, French, English and German law aspects.
Eurobank finances Mirova 156 MW PV in Greece
Backed by Recovery and Resilience Facility funds, a €144 million non-recourse financing was arranged by Eurobank for Mirova’s 156 MW photovoltaic portfolio in northwestern Greece.
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