WFW advises Attica Bank on €63M 41 MW Greek wind farm project financing

Watson Farley & Williams (“WFW”) advised Attica Bank S.A. (“Attica Bank”) as lead arranger on a €63m term bond loan facility granted to Jasper Wind Hellas S.A. (“Jasper”) to finance the development and construction of three wind farms with total installed capacity of 41 MW in Laconia in the southern Peloponnese.

Deutsche Bank AG (“DB”) acted as structuring bank for the loan, highlighting the willingness of Europe’s leading financial institutions to work together on supporting projects promoting the further development of renewable energy.

Attica Bank, established in 1924, is Greece’s fifth largest bank offering the full range of banking and investment products and services as well as deposits, insurance products, mutual funds and brokerage services.

Founded in 1998, Athens-based Jasper is one of Greece’s largest independent power producers from renewable sources.

The WFW Athens Project & Structured Finance team that advised Attica Bank was led by Partner Virginia Murray, supported by Counsels Valina Giouzelaki and Matina Kanellopoulou, Associates Anthi Antonakou, Dimitrianna Kolonia and Fotini Nassou on the financing aspects of the transaction. Counsel Maira Galani, and Senior Associate Anastasios Giannopoulos advised on due diligence and regulatory matters, supported by Associates Fanis Krystallis and Eva Makri.

Virginia commented: “Attica Bank is an increasingly significant financing bank for Greek renewables projects and we were pleased to have supported them and Deutsche Bank with our many years of experience in sector. Jasper is a great Greek company and we are glad to have played our part in getting these significant wind projects to the construction phase”.