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CMS Advises PPC on 2-Gigawatt Cooperation Framework Agreement with Mytilineos

CMS Advises PPC on 2-Gigawatt Cooperation Framework Agreement with Mytilineos

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CMS has advised Greece's Public Power Corporation on a cooperation framework agreement for the development and construction of almost 90 solar projects of up to 2,000 megawatts in Romania, Italy, Bulgaria, and Croatia. The deal is valued at up to EUR 2 billion and is expected to be implemented over the next three years.

According to CMS, "the 90 solar projects are owned by Mytilineos Energy & Metals in Romania (516 megawatts), Italy (503 megawatts), Bulgaria (500 megawatts), and Croatia (445 megawatts) and are at various stages of development. With this new agreement, the PPC Group will acquire RES projects in three new countries and expand its presence in Romania, while Mytilineos will undertake the development and construction of the projects, which will then be acquired by the PPC Group upon completion of their connection to the electricity grid."

The CMS team included Managing Partner Horea Popescu and Counsels Mircea Moraru and Veliko Savov.

CMS did not respond to our inquiry on the matter.

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.

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