Schoenherr has advised Enery on signing an 11-year virtual power purchase agreement with Nokian Tyres for the supply of zero CO2 emission energy to Nokian Tyres' new passenger car tire factory in Oradea, Romania.
Enery is an independent renewable energy provider dedicated to supplying customers with reliable, affordable, long-term green energy. The company currently generates almost 700 gigawatt/hours of clean electricity from 490 megawatts of capacity and is involved in development projects totaling more than 8 gigawatts in 11 countries. According to Schoenherr, the long-term contract will enable Enery to build a new solar power plant in Southern Romania, further supporting Europe's green transition.
Nokian Tyres develops and manufactures premium tires for passenger cars, trucks, and heavy machinery. The company employs 3,400 people and is listed on Nasdaq Helsinki.
Earlier in 2024, Schoenherr advised Enery on a ten-year renewable energy VPPA with Dreher Breweries (as reported by CEE Legal Matters on February 20, 2024).
The Schoenherr team included Partner Monica Cojocaru, Managing Attorney at Law Vlad Cordea, and Attorney at Law Cristina Olariu.
