Our colleagues from Qoku & Partners, in cooperation with Karanovic & Partners, advised the European Bank for Reconstruction and Development, the International Finance Corporation (IFC), the private sector arm of the World Bank Group, Erste Group Bank AG and Sparkasse Bank AD Skopje on the financing of approximately EUR 129 million for the first phase of the Shtip Wind Farm, developed by Alcazar Energy Partners.
The first phase of the Shtip Wind Farm, with an installed capacity of 131.25 MW, is the largest wind energy project in North Macedonia to date. It forms part of a planned three-phase wind cluster with a total capacity of up to 396 MW, to be developed across the municipalities of Shtip, Radovish and Karbinci.
The scope of work included legal due diligence on the project, support in structuring and negotiating the financing documentation, assistance with establishing and perfecting the security package, and addressing other Macedonian law aspects of the transaction.
The legal team advising the lenders was led by Senior Partner Veton Qoku and included Partner Ljupka Noveska Andonova, Senior Associate Jane Ilijeski and Associate Kristijan Miloshevikj.
The information in this document does not constitute legal advice on any particular matter and is provided for general informational purposes only.
