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Noerr Advises Vrancart on NRRP Financing for 20-Megawatt Photovoltaic Park in Romania

Noerr Advises Vrancart on NRRP Financing for 20-Megawatt Photovoltaic Park in Romania

Romania
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Noerr has advised Romanian corrugated cardboard and tissue paper company Vrancart on the National Recovery and Resilience Plan financing for its construction of a 20-megawatt photovoltaic park.

The financing was agreed following an application process and a contract was eventually signed with the Romanian Ministry of Energy.

Vrancart is a Romanian listed company active in the paper and cardboard markets. It operates both production facilities and around 20 recycling and collection points around the country. Its main shareholders include SIF Banat-Crisana and Paval Holding.

The Noerr team included Partner Iulian Sorescu, Counsels Sebastian Popescu and Raluca Botea, Of Counsel Serban Patriciu, and Senior Associate Cristina Stamboli.

Romanian Knowledge Partner

Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

Firm's website.

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