The proceeds will be used, among others, for the development, construction, and operation of two photovoltaic parks in Giurgiu County, with a combined capacity of 315 MW (169 MW in Iepuresti and 146 MW in Ghimpați), said law firm Clifford Chance Badea, which advised Nofar Energy through its Romanian entities, Solis Imperium and RTG Solar Energy, in the signing of the funding agreement.
The Clifford Chance core team advising on the deal included Partners Nadia Badea and Madalina Rachieru-Postolache, Oana Ionașcu (senior associate) and Adelina Seserman (associate).
“The transaction further builds upon our market-leading, multidisciplinary Energy practice and consolidates our strong relationship with Nofar Energy, a high-profile investor whose ambitious plans place them at the forefront of Romania’s green energy transition,” said Nadia Badea, head of the Energy practice in Bucharest.
The Nofar Energy in-house team was coordinated by Favi Stelian (CEO of Nofar Energy Romania), Andreea Gilicel (financial manager), Roxana Gherghe (CFO), Ayana Wechsler (VP Global Operations) and Alex Greenberg (senior legal counsel).
The support is part of a larger collaboration between Clifford Chance and Nofar Energy, related to renewable energy projects in Romania with a total installed capacity of 643 MW, on matters including corporate M&A, Engineering, Procurement and Construction (EPC) and Operation and Management (O&M) contracts, as well as regulatory aspects.
(English version by Loredana Fratila-Cristescu)