21/04/2026
🗨️ A New Era for Bulgarian Wind: Ilieva, Voutcheva & Co. Closes Landmark 70 MW Strazhitsa Wind Farm Financing
We are thrilled to announce the successful financial close of the Strazhitsa wind farm, the first utility-scale onshore wind project in Bulgaria to secure financing in over 12 years.
Representing a €100M investment, this project is a historic achievement for Bulgaria’s energy sector. As exclusive legal counsel to Tessa Green Energy Ltd., our firm guided this project from the initial development and permitting stages through to the complex negotiation of the Turbine Supply Agreement with Vestas and the finalization of a multi-bank syndicated financing package.
This transaction is more than a legal success; it is a signal of renewed investor and lender appetite for renewable energy infrastructure in South East Europe.
A special thank you to our dedicated legal team: Rossitsa Voutcheva, Managing Partner, Donika Ilieva, Attorney-at-law, Angel Todorov, Junior Attorney-at-law, and Iveta Naidenova, Junior Associate. We are proud to have helped our client bridge the gap to a greener future and establish a new benchmark for wind energy development in Bulgaria.
🔗 Read the full details of this milestone project here: https://ivlawfirm.com/en/revitalizing-bulgarian-wind-energy/