Clearwater International acted as sole financial adviser to Wallenborn Group on the sale of 100% of the share capital of Selan d.o.o. to a financial institution group and the refinancing of the existing non-recourse project financing with a volume of €60m.
Selan d.o.o. is the holding company of the wind farm “Senj I”, with 14 wind energy plants from Vestas (3 MW) and is with a total installed capacity of 42 MW the largest wind farm in Croatia today. The location of Senj I is characterised by stable and strong winds (Bora winds) which allow 3,700 full-load hours in a year and make Senj I one of the most efficient and powerful onshore wind farms in Europe.
Wallenborn Group is a project development company with focus on onshore wind farms. With an operational portfolio of 84.5 MW the company is engaged through project development and operating its own wind farms
Clearwater International, led by partner Dierk Rottmann, advised Wallenborn.