Nikola Zahariev.jpg

nikola zahariev


M: +44 (0)7500 122 635

Nikola fully understands and supports our mission to create value for local communities – assisting us with innovative structuring solutions that enhance the deliverability of our projects, fair pricing and quick work of high quality.
— Richard Speak, Founder of Environmental Finance Limited and CORE

Nikola specialises in renewable and low carbon energy projects. He has advised financial and industrial sponsors, fund managers, community groups, commercial banks, multilateral institutions, ECAs, developers and contractors on projects across the UK, continental Europe, the Middle East and Africa.

nikola’s recent experience includes:

  • Leapfrog Finance – Advising on Leapfrog’s refinancing arrangements in relation to the Verdant and Empower solar projects, as well as number of ongoing and innovative projects for this cutting edge financial institution.

  • Bayerische Landesbank – Advising on the acquisition financing of onshore wind installations in Northern Ireland, leading on due diligence, financial documentation and negotiation on behalf of one of the leading lenders to the renewables industry in Europe. 

  • Blue Elephant Energy – Advising this German financial investor on the asset management of its existing portfolio, as well leading on all due diligence and ongoing acquisition work in the UK market.

  • Community Owned Renewable Energy (“CORE”) and Environmental Finance – Advising this leading community-focused financial investor on all aspects of the acquisition and financing of its solar portfolio and the subsequent migration into community ownership.

  • Energy Efficiency Services Limited and Edina – Advising this subsidiary of the Indian Ministry of Power on the due diligence into the Edina CHP business and the related acquisition, leveraged financing and joint venture arrangements, and continuing to assist Edina with its ongoing growth.

  • International Renewable Energy Agency – Advising this international organisation on its capacity building programme for renewable energy PPAs in West Africa.

  • Mongoose Energy – Advising this community-focused developer and asset manager on its acquisition on a number of solar + battery parks.

  • Ecotricity Group – Advising this ground-breaking green utility company on its electric vehicle business line.

In 2018 and 2019, Nikola contributed as a guest lecturer at Oxford University’s “Smith School of Enterprise and the Environment”, on the post-graduate programme focussed on financing renewable energy.

The Legal 500 recognised Nikola as one of five “Next Generation Energy Lawyers” for 2019.

previous work history

Before joining Lux Nova in 2017, Nikola spent over 10 years at Allen & Overy and Pinsent Masons, in London and Moscow. His most recent experience before joining Lux Nova included advising on the refinancing by Aviva Investors of Ecotricity’s onshore wind portfolio through a private placement; Lloyds Bank on the Galloper offshore wind farm transaction; Mitsubishi Corporation on its successful bid for the Burbo Bank Extension OFTO; a “pathfinder bank” in relation to the White Rose CCS project; the construction financings of various waste wood gasification plants; and the European Investment Bank on its “Jeremie” and “Northern Powerhouse” fund financings.


  • Solicitor – admitted 2009

  • Legal Practice Course (Commendation, BPP Law School) – 2006

  • Graduate Diploma in Law (BPP Law School) – 2004

  • BA (Hons) History (First Class, Warwick University) – 2003