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Norton Rose Fulbright has advised International Finance Corporation (IFC) and European Bank for Reconstruction and Development (EBRD) in relation to the €215 million debt financing to Vetroelektrane Balkana or Wind Energy Balkan Group (WEBG) for the construction, commissioning and operation of the 158MW Cibuk 1 wind farm in the north east of the Republic of Serbia.

WEBG is 100 per cent owned by Tesla Wind, which is 60 per cent owned by Abu Dhabi Future Energy Company PJSC, 30 per cent owned by Taaleri Tesla Ky and 10 per cent owned by DEG – Deutsche Investitions-Und Entwicklungsgesellschaft (the sponsors).

This is the largest wind farm in the Republic of Serbia, spanning 37 square kilometres and comprising 57 2.78MW rated GE wind turbines. The project is expected to become fully operational by mid – 2019 and will power more than 110,000 homes, while reducing carbon emissions by more than 370,000 tonnes.

Norton Rose advised with a team led by Madhavi Gosavi (Picture), assisted by Emma Walshe and Jessica Melville.

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Low M AmoonyFashion Heels US Close Platform B Frosted with Short Toe PU Plush Black Womens Round Solid Boots 4 5 Involved fees earner:Black Shoe Wes Oxblood Kremer Men's Skate DC BwFqX0H; Emma Walshe – Norton Rose Fulbright; Jessica Melville – Norton Rose Fulbright;

Law Firms: Norton Rose Fulbright;

Clients: European Bank for Reconstruction and Development; International Finance Corporation;