Akin Advises the Government of the Republic of Serbia on Largest Renewables and Battery Storage Investment in the Balkans and Southern Europe
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(London) – Akin advised the Government of the Republic of Serbia and EPS on a 1200 MW utility-scale solar generation and battery storage project, which, when completed, will be the largest of its kind in the Balkans and Southern Europe.
The project will be developed by a joint venture consortium consisting of Hyundai Engineering Limited and UGT Renewables Limited. Financing for the project will come from a range of export credit agencies and commercial banks.
The Akin team was led by projects & energy transition partners Matt Hardwick and Dan Giemajner, with associate Louise Fischel-Bock.
“It was a delight to work with the Serbian government on this groundbreaking and transformative project,” said Matt Hardwick. “This is just the start of the story for Serbia in the energy and energy transition space and with the scale and ambition of its plans, we see the country as a key hub for foreign direct investment in Europe in the coming years.”
Akin is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.
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