Clifford Chance has advised Greek-based Motor Oil Renewable Energy Single Member on its entry into the Romanian renewable energy market via the acquisition of two photovoltaic projects in Buzau County with Premier Energy Group.
The transaction remains contingent on regulatory approval.
According to Clifford Chance, MORE performed the purchase via Alive Renewable Holding Limited. The projects in question have a total installed capacity of 86 megawatts and an additional 18 megawatt-hours energy storage capacity.
The Clifford Chance team included Partner Nadia Badea, Counsel Loredana Ralea, and Senior Associate Ecaterina Burlacu.
Clifford Chance did not respond to our inquiry on the matter.
