Date: 27th April 2023
Congratulations to EBRD on signing the 4th sub-operation EBRD RRF deal in Greece!
Fulgor S.A., a Greek cable manufacturer of Viohalco Group, secured a €88m loan to finance the construction of deep-sea underwater cable interconnections between islands and offshore wind projects with the mainland, facilitating access to clean energy sources.
The project is part of the “Greece 2.0” National Recovery and Resilience Plan funded by the European Union’s Next Generation EU program. It comprises €62.8 million of EBRD financing and €25.2 million of RRF loans channeled through the Greek RRF Co-Financing Framework.
Lambadarios Law represented EBRD in this transaction, led by our Banking & Finance Partner Prokopis Dimitriadis and contributed by our Senior Associate Katerina Gini.
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