Energy/Natural Resources

Closing: Greek Public Power Corporation Acquisition of Enel Group’s Romanian Assets Now Closed

On October 30, 2023, Milbank announced that the Greek Public Power Corporation’s acquisition of the Romanian assets of the Enel Group (reported by CEE Legal Matters on March 30, 2023) had closed.

Cobalt and TGS Baltic Advise on VKG Sale of VKG Elektrivorgud to Baltcap

Cobalt has advised VKG on the sale of the VKG Elektrivorgud electricity distribution company in Estonia to Baltcap. TGS Baltic advised BaltCap.

Cobalt Advises Alexela on Purchase of Remaining 50% Stake in Rohe Solution from Haminan Energia

Cobalt has advised Alexela on the acquisition of the remaining 50% stake in Rohe Solution from Finland's Haminan Energia.

Clifford Chance and Dentons Advise on Eiffel Investment Group and Optima Wind Joint Venture

Clifford Chance has advised Eiffel Transition Infrastructure on the joint venture with Optima Wind to establish WindLight. Dentons advised Optima Wind.

New Rules for the Connection of Power Plants to the System

The new Decree on Conditions for the Delivery and Supply of Electrical Energy in Serbia enters into force today, 13 October 2023. Long-awaited regulation sends the signal that the connection procedure for new projects that has been basically on hold for more than two and a half years will be deblocked soon.

Noerr Advises Vrancart on NRRP Financing for 20-Megawatt Photovoltaic Park in Romania

Noerr has advised Romanian corrugated cardboard and tissue paper company Vrancart on the National Recovery and Resilience Plan financing for its construction of a 20-megawatt photovoltaic park.

Sayenko Kharenko Advises Naftogaz 2022 Noteholders on Amendment and Extension

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.