Dentons advises PPF banka on financing for Romanian battery energy storage project

Prague-Global law firm Dentons has advised PPF banka a.s. in connection with the financing of the construction and development of the 72 MW BESS Frasinet 1 battery energy storage system project in Romania. With this transaction, PPF banka a.s. has financed a third BESS project of the RSJ PE SF Batteries fund, a joint platform of RSJ Investments and Second Foundation that is building a broader portfolio of battery energy storage assets across the EU.

Dentons advised on the drafting and negotiation of the financing and security documentation, reviewed key project contracts, and supported the transaction through to signing and completion, including issuance of legal opinion and management of conditions precedent.

The cross-border Dentons team included Daniel Hurych, Partner and Co-Head of the Banking and Finance group in Prague, Martin Fiala, Senior Associate, Jan Kořistka, Associate and Tomáš Husička, Junior Associate, together with Petr Zákoucký, Partner and Head of the Energy practice in Prague.

Romanian law advice was provided by a Bucharest-based team comprising Simona Marin, Partner, Stefi Ionescu, Counsel and Maria Brinza, Associate all in the Banking and Finance group, and Angelica Pintilie, Counsel in the Energy group.

This mandate highlights Dentons' capabilities in cross-border project finance and energy infrastructure, combining Czech and Romanian financing, security, real estate and energy advice to support the development of battery energy storage capacity in Romania.

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