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CMS and Spasov & Bratanov Advise on Sale of 25-Megawatt Chernogor PV Project in Bulgaria

CMS and Spasov & Bratanov Advise on Sale of 25-Megawatt Chernogor PV Project in Bulgaria

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CMS has advised Global Financial Consulting on the sale of the 25-megawatt greenfield Chernogor photovoltaic project to US investor Bulgaria Solar. Spasov & Bratanov advised Bulgaria Solar. Varadinov & Co reportedly advised the other sellers, Totally Green and Ki Energy.

The transaction involved the acquisition of the Enerfin 2 EOOD SPV, the company owning and developing the Chernogor project.

According to CMS, Bulgaria Solar was already active on the market, through its 2022 acquisition of Alfa Energy EAD, a Bulgarian company operating the 2.4-megawatt Yankovo PV project.

The CMS team included Managing Partner Kostadin Sirleshtov, Counsel Borislava Piperkova, and Associate Dian Boev.

The Spasov & Bratanov team included Partner Vassil Hadjov and Associate Vladimir Tashev.

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 15 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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