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CMS Advises Argos Energy on Renewable Energy Project in Bulgaria

CMS Advises Argos Energy on Renewable Energy Project in Bulgaria

Bulgaria
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CMS Sofia has advised Bulgaria's Argos Energy Ltd on the completion of the first renewable energy project in Bulgaria created without any subsidy or feed-in tariff.

According to CMS, the 5 MW wind project developed by Argos Energy near Kavarna in the northeastern part of Bulgaria, "was put in operation eight years after its original date due to grid congestion." The firm reports that it assisted Argos Energy "with its negotiations with the Bulgarian Transmission System Operator (ESO EAD), the owner of the distribution network — Energo-Pro — [and] with the related meetings with the Bulgarian Ministry of Energy and the Energy Commission in Parliament. The work involved regulatory assistance, negotiations of various commercial and administrative agreements, [and] overall legal support."

CMS's team was led by Sofia Managing Partner Kostadin Sirleshtov, supported by Associate Borislava Piperkova and Junior Associate Elena Yotova-Yordanova.

Bulgaria Knowledge Partner

Schoenherr is a leading full-service law firm providing local and international companies stellar advice that is straight to the point. With 14 offices and 4 country desks Schoenherr has a firm footprint in Central and Eastern Europe. Our lawyers are recognised leaders in their specialised areas and have a track record of getting deals done with a can-do, solution-oriented approach. Quality, flexibility, innovation and practical problem-solving in complex commercial mandates are at the core of our philosophy.

Firm's website: www.schoenherr.eu

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