CMS has successfully represented MET’s subsidiary MET Suvorovo Wind Park in its claim against the Republic of Bulgaria, represented by the Minister of Finance, for the return of unconstitutional wind taxes imposed by the Republic of Bulgaria back in 2014.
According to CMS, the case was initiated prior to the takeover of the wind park by MET in 2021, "when the Swiss-based energy company MET Group acquired a 100% stake in a 60-megawatt operational wind park in Bulgaria, after signing a share purchase agreement with Spanish Grupo Enhol. The transaction was an important step in achieving MET’s renewables growth targets in the CEE region of 500 megawatts in operation by 2023 and was the second acquisition of an operational wind park of MET in Bulgaria thus expanding its operating wind portfolio in Bulgaria to 102 megawatts.”
The CMS team included Managing Partner Kostadin Sirleshtov and Senior Associate Yana Antonova.
