Energy

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The current energy market, and in particular the Greek renewable energy market, is of increasing importance. Investors have reacted positively to the challenges of energy production from renewable sources, with major solar and wind energy projects completed in Greece in recent years. The significance of the sector continues to grow, not least with the expectation that the Greek government will seek to cover an even greater proportion of national energy needs from renewable sources.

We were among the first lawyers in Greece to provide services in relation to renewable energy projects and have extensive expertise in the energy sector. Our significant experience, our substantive knowledge of energy law and our thorough understanding of the energy business, offer clients an unparalleled service.

We advise on all energy matters, notably:

  • Regulatory and licensing issues
  • Project finance transactions
  • Construction contracts
  • Power purchase agreements
  • Grants and financial incentives
  • Financing and collateral agreements
  • Legal due diligence
  • Compliance.

Examples of our work include:

  • advising the Athens branch of a major German bank in relation to the financing of a project of €33.000.000 for the construction in 2002 of a wind park in Northern Greece comprising 24 wind turbines of 31,2MW total capacity
  • advising a major French bank on the refinancing of three wind park companies of 20,75MW capacity in the area Zaraka/ Laconia in 2005/06, a wind park company of 12MW capacity in the area of Polipotamos/ Evia in 2006 and 2008 and a wind park company on the island of Naxos in 2007
  • advising a major UK bank on the refinancing of the same wind park companies of 20,75MW capacity in the area of Zaraka/ Laconia in 2006
  • advising a listed Greek company in relation to the sale of its energy portfolio
  • advice related to a joint venture agreement involving the Greek Public Gas Corporation (DEPA) for construction of a pipeline.

For more information on our Energy practice please contact  Dr. Marina Perraki.