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CMS and Spasov & Bratanov Advise on Greenvolt Acquisition of 80-Megawatt PV Project from AES Global Power

CMS and Spasov & Bratanov Advise on Greenvolt Acquisition of 80-Megawatt PV Project from AES Global Power

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CMS has advised Greenvolt Power Solar Poland on its acquisition of an 80-megawatt photovoltaic project – including a battery energy storage system capable of storing electricity up to 25 megawatts per four hours – from AES Global Power Holdings. Spasov & Bratanov, working with Bracewell, advised the seller.

Greenvolt Power is an international wind and solar developer.

AES Global Power Holdings is an American utility and power generation company.

According to CMS, the project "represents a transformative shift towards renewable energy in the region, specifically near the Bulgarian town of Galabovo. The Galabovo region, traditionally known for its reliance on coal power plants, is witnessing a paradigm shift towards cleaner energy solutions."

The CMS team included Managing Partner Kostadin Sirleshtov, Partner Atanas Bangachev, Counsel Borislava Piperkova, Senior Associate Vaska Solakova, and Associates Diyan Georgiev, Viktoriya Dimitrova, and Dian Boev.

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

The Bracewell team included London-based Partner Ronen Lazarovitch and Senior Associate Adam Waszkiewicz.

Editor's Note: This article was updated on April 17, 2024, to update team compositions.

CMS at a Glance

CMS Sofia is a full-service law firm, the largest international law firm in Bulgaria and one of the largest providers of legal services in the local market as a whole. The breadth and depth of our practice means that our lawyers are specialised, with a level of specialisation that few of our competitors can match.

CMS Sofia is the Bulgarian branch of CMS, a top ten global legal and tax services provider with over 5000 lawyers in 43 countries and 78 offices across the world.

CMS entered the Bulgarian market as one of the first internationally active law firms in 2005 and is now among the most respected legal advisors in the country. We have 7 partners, 4 counsel and over 30 lawyers in our office in Sofia.

Our legal experts, who are rooted in Bulgaria’s local culture, can also draw on years of experience in foreign countries and are at home in several legal systems at once. We know the particularities of the local market just as well as the needs of our clients and combine both to achieve optimum solutions. Our lawyers are Bulgarian qualified and we also have English qualified experts – all of them regularly working on cross-border mandates.

In our work, we focus on M&A, Energy, Projects and Construction, Banking and Finance, Real Estate, Media, IP and IT law, Tax, Employment law, Competition, Procurement and any kind of Dispute resolution, including arbitration and mediation. What’s more, we also take care of the entire legal management of our clients’ projects.

Firm's website.