The deal, including two wind farms in Dobrogea, two solar energy projects and two hydroelectric power plants, marks the Canadian company’s exit from Romania, as well as the local presence consolidation of one of the most active players in the region.
The Clifford Chance Badea team including counsel Andreea Sisman, senior associates Madalina Mailat and Gabriel Toma, and lawyer Nicolae Grasu, provided advice throughout the whole project, on issues such as finance structuring, drafting, reviewing, negotiating and support in signing the related documents.
“Enery’s portfolio consolidation in Romania confirms once more that our country is an essential renewable energy player in Central and Eastern Europe, and we are honoured to bring our experience as contribution to this project,” said Andreea Sisman.
Nadia Badea, Clifford Chance partner coordinating renewable energy transactions in Romania, adds: “Renewable energy is a real focus at global level today, and this is reflected in Romania’s investment dynamics. This transaction was extremely interesting because, on the one hand, we worked once again with two of the largest banks, which are very active in the sector, and on the other hand, we collaborated with a very active company in the region, with whom we are also working in other renewable energy transactions.”