Kocian Solc Balastik has advised KGAL Investment Group on its acquisition the 50-megawatt Saxonie solar power plant project from Sev.en and Micronix Group. Sole practitioner Petr Vorisek advised the sellers.
KGAL's investment group has focused on real estate, sustainable infrastructure, and aviation since 1968. It manages investments of approximately EUR 16 billion.
According to KSB, "the development of Saxonie will launch soon near the town of Most, close to the German border. The project, which is one of the largest of its kind in the Czech Republic, will contribute significantly to increasing the share of green power plants in the Czech Republic's energy mix. The electricity generated in the PVPP will be sold primarily under long-term power purchase agreements."
The KSB team included Managing Partner Martin Krejci, Partner Tomas Sequens, Attorney at Law Jana Guricova, and Lawyers Josef Kriz, Richard Hamran, and Tomas Zach.
