The acquisition is subject to customary competition clearance and FDI approvals.
“MORE alongside Premier Energy Group, through Alive Renewable Holding Limited, has acquired its first two new photovoltaic projects in Buzau County, with a total installed capacity of 86 MW and an additional 18 MWh energy storage capacity. The projects also contemplate the development of battery storage,” the officials of the law firm say.
Clifford Chance Badea lawyers assisted the client in structuring and negotiating the related transaction documents, both in what concerns project acquisition, as well as the structuring of MORE partnership with Premier Energy in Romania.
Loredana Ralea (Counsel) and Ecaterina Burlacu (Senior Associate) closely assist the client, in a legal team coordinated by Nadia Badea, Clifford Chance Partner.
“Romania is on the radar of high-profile renewable energy investors,” says Nadia Badea, Head of the Bucharest Energy Practice.
(English version by Loredana Fratila-Cristescu)