Our team advised the financing of an investment project for construction and operation of energy sites which produce electricity from renewable energy sources via the usage of the mechanism for “Jointly Execution” under art. 6 from the Kyoto Protocol. The financing was provided through a contract for purchase of reduced emissions at amount of EUR 3 200 000. Reduced emissions were bought by the European Bank for Reconstruction and Development on behalf of the Netherlands, as the Bank manages the Dutch fund for cooperation for reduced emissions under the Agreement for Cooperation, dated 27.10.2003, concluded between European Bank for Reconstruction and Development and The Netherlands.
Practice: Banking and Finance
Connection with other practices: Energy and Environment
