Sayenko Kharenko has advised an ad-hoc group of noteholders in connection with the consent solicitation launched by Naftogaz to amend and extend its USD 335 million in 7.375% notes due 2022.
New Rules for Connection to the Electric Energy Grid
The adoption of the Law on the Use of Renewable Energy Sources in 2021 created a very favorable environment for investments in green energy. Recognizing the opportunities and incentives, investors in a short period of time submitted a large number of requests to Elektromreža Srbije as a transmission system operator ("TSO") for the connection of future power plants using renewable energy sources. More precisely, requests for the connection of 22,000 MW have been submitted so far, while the total capacity of the power plants connected to the system is about 8,500 MW.
CMS Successful for Alpha Solar Group and Alpha Solar Invest in Feed-in Tariff Dispute
CMS has successfully represented Slovakian renewable energy investors Alpha Solar Group and Alpha Solar Invest in a case against the Bulgarian state regarding the recovery of cut feed-in tariffs for operational photovoltaic plants in Bulgaria.
Musat & Asociatii Advises Naxxar Renewable Energy on Sale of 60% Stake in Naxxar Wind Farm Four to Polenergia
Musat & Asociatii has advised Naxxar Renewable Energy on the sale of a 60% stake in the 685.6-megawatt Naxxar Wind Farm Four in Tulcea County to Polenergia, with an option for the remaining 40%.
B2RLaw Advises Vestas on Acquisition of Additional Szczecin Factory
B2RLaw has advised Danish wind turbine manufacturer Vestas on its acquisition of the ST3 Offshore factory in Szczecin – which had gone bankrupt in 2020 – during the sixth tender for its sale.
Gomez-Acebo & Pombo and Perez-Llorca Advise on Energo Pro Spanish Expansion
Gomez-Acebo & Pombo has advised Czech Republic-based Energo Pro on its expansion to Spain via the acquisition of Xallas Electricidad y Aleaciones (Xeal) and Feroe Ventures & Investments from Sixth Street. Perez-Llorca advised Sixth Street.
The Debrief: October 2023
In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and keep our readers apprised of the latest developments impacting their respective practice areas.