CMS has advised a company from the SINO-CEEF group on the construction and sale of a 51-megawatt photovoltaic power plant portfolio in Poland to a consortium of two Chinese investors. B2RLaw, working with King & Wood Mallesons, advised the unidentified buyers on their acquisition.
Rymarz Zdort Advises PKO Bank Polski on Sale of PKN Orlen Shares
Rymarz Zdort has advised PKO Bank Polski on the accelerated book-building transaction concerning the sale of shares in Polski Koncern Naftowy Orlen to domestic and foreign investors.
Herbst Kinsky Advises Treis on Sale of Cycleenergy Holding
Herbst Kinsky, working with Norton Rose Fulbright, has advised Treis on the sale of Cycleenergy Holding to an Austrian investor group consisting of Invest AG, Industrieliegenschaftenverwaltung, and the company’s management team.
Norton Rose Fulbright, Allen & Overy, and Clifford Chance Advise on Gaz-System PLN 1 Billion Financing
Norton Rose Fulbright has advised Gaz-System's senior lenders on the arrangements for Gaz-System's new PLN 1 billion subordinated loan from the Polish Development Fund. Allen & Overy advised Gaz-System. Clifford Chance advised the European Investment Bank. Linklaters reportedly advised the Polish Development Fund.
ESG – A Gentle Reminder for a Corporate Strategy Update
ESG initiatives are rapidly becoming the status quo in the business world. Most corporations have some kind of sustainability measures in place in at least one of the three pillars – environmental, social, or governance. The majority of businesses in Bulgaria currently implement ESG projects voluntarily, indicating that stakeholders are not legally required to, for instance, incorporate climate mitigation and social responsibility initiatives into their organizations. But ESG trends aren’t going unnoticed by the regulators and ESG is gradually transforming into a compliance matter. However, beyond compliance, ESG lays the foundation for a competitive corporate strategy, positive climate action, and the discovery of new business opportunities.
Bulgaria Simplifies Rules for Own-Consumption Electricity Generation
Bulgaria is making significant efforts to boost the share of renewables in its energy mix and reduce its dependence on fossil fuels. The new REPowerEU Plan provides for a massive scaling-up and speeding-up of renewable energy in power generation, industry, buildings, etc.
CMS Advises Zagrebacka Banka, HBOR, and EBRD on Financing EUR 126 Million Wind Farm Projects in Croatia
CMS has advised a consortium of Zagrebacka Banka, the Croatian Bank for Reconstruction and Development, and the EBRD on financing Taaleri Energia and Encro's EUR 126 million project to build two onshore wind farms near Zadar.