White & Case has advised Total Eren, a French renewable energy Independent Power Producer, on the acquisition of NovEnergia Holding Company, a Southern European Independent Power Producer. King Wood & Mallesons advised NovEnergia on the deal.
NovEnergia has subsidiaries in Spain, Italy, France, Bulgaria, Hungary, and Poland.
With this acquisition, Total Eren increases its presence in Southern Europe, with NovEnergia bringing in 47 installed assets in the region. The company has an enterprise value of over EUR 1 billion.
The acquisition closed following the approval of the transaction by the Portuguese Competition Authority.
The White & Case team in Paris consisted of Partner Guillaume Vallat, Partner Thomas Le Vert, Counsel Orion Berg, and Associate Julien Etchegaray.
King Wood & Mallesons did not reply to our inquiry on the deal.