Clifford Chance has advised Actis on the launch of its portfolio business Rezolv Energy and on Rezolv's acquisition of the Romanian Vis Viva onshore wind project from Low Carbon.
"Rezolv has partnered with Low Carbon to complete the acquisition of a 51% interest in the 450-megawatt Vis Viva onshore wind project in Buzau County, Romania," Clifford Chance informed. "Once operational, Vis Viva will be one of the largest onshore wind farms anywhere in Europe, with the capacity to generate sufficient clean energy to power more than 272,000 homes and avoid approximately 180,000 tons of carbon dioxide equivalent each year. It will play a major role in accelerating the transition away from fossil fuels in Romania, whilst providing long-term, stably priced electricity to commercial and industrial consumers across the region."
According to Clifford Chance, "Rezolv aims to build a multi-gigawatt portfolio of wind, solar, and energy storage projects. This will help companies and countries across the region meet their energy needs in response to energy security challenges and climate policies. It will take renewable energy projects from late-stage development through construction and into long-term operation."
Rezolv Energy is a power producer in Central and South Eastern Europe. Low Carbon is a UK-based investment company.
The Clifford Chance team included Bucharest-based Partner Nadia Badea, Counsel Loredana Ralea, Senior Associates Alexandra Voicu, Lavinia Dinoci, Ecaterina Burlacu, and Andrei Caloian, and Lawyer Carmen Buzenche, Prague-based Counsel Michal Jasek and Associate Tomas Prochazka, as well as lawyers from the firm’s London office.
Clifford Chance did not respond to our inquiry on the matter.
