Schoenherr has advised MET Group on the acquisition of a 60-megawatt operational wind park in Suvorovo, Western Bulgaria, from Grupo Enhol.
Тhe transaction is expected to be closed by Q3 2021.
According to Schoenherr, the “Suvorovo Wind Park, representing 8.5 % of the total installed wind capacity in Bulgaria, consists of 30 units of Gamesa G90 wind turbines – 2-megawatt capacity each. The wind farm, operating since 2012, produces approximately 120 gigawatt-hours of electricity per year, supplying power equivalent to the consumption of around 38,000 households.”
MET Group is a Swiss-based European energy company with activities in the natural gas and power markets, focused on multi-commodity wholesale, trading and sales, energy infrastructure, and industrial assets.
Grupo Enhol is a Spanish family-owned company focusing on renewable energy.
Schoenherr’s team included Partners Alexandra Doytchinova and Stefana Tsekova, Attorneys Katerina Kaloyanova-Toshkova, Dimitar Vlaevsky, Elena Todorova, and Galina Petkova, and Associates Milena Gabrovska, Dimitar Kairakov, and Gergana Roussinova.
Schoenherr could not provide additional information on the deal.