Schoenherr advises Kommunalkredit Austria AG on Czech and Slovak acquisition financing to Enery Development

25 February 2020 | slovakia

Schoenherr advised Kommunalkredit Austria AG as arranger and original lender, on the Czech and Slovak acquisition financing provided to Enery Development for the acquisition of six 21 MW solar power plants in the Czech Republic and two 4 MW solar power plants in the Slovak Republic, from Czech fund Green Horizon Renewables.

"We are very proud to have worked for the financiers on such a high-profile transaction of Enery, one of the future key players in the energy and renewables space in CEE," said Schoenherr Czech Republic's head of banking & finance Ondřej Havlíček.

Kommunalkredit is a leading player in the European infrastructure market, focusing on energy & environment, social infrastructure, communications & digitalisation, natural resources and transport. Kommunalkredit contributes to the sustainable success of infrastructure projects that improve the quality of people’s lives. As a specialised bank, Kommunalkredit advises, structures and funds senior debt and mezzanine structures across the entire life cycle of an infrastructure project.

Enery Development is an Austrian company investing in renewable energy, jointly owned by its founders, Richard König and Lukáš Němec, and Austrian renewables player RP Global. The acquisition in the Czech and Slovak Republics is its first larger acquisition and will be a foundation for the company's planned growth in the CEE region.

The Schoenherr team was led by Ondřej Havlíček (attorney at law, Prague), together with Martin Ebner (partner, Vienna) and Vladimír Čížek (partner, Prague) as well as Soňa Hekelová (partner, Bratislava). The team further includes Jiří Marek (attorney at law, Prague); Tomáš Jansa (associate, Prague) and Alexandra Adamčiková (attorney at law, Bratislava).