Dentons has advised Electrica on the successful bid of its subsidiary Crucea Power Park SRL in the first round of the Contracts for Difference auction as part of Romania’s state aid scheme for renewables.
According to Dentons, “CPP, which is developing the Crucea Est wind farm, is 60% owned by Electrica. It was designated among the winners in the inaugural round of the auction for its onshore wind power generation project, with an allocated installed capacity of 54.0 megawatts, at a price of EUR 77.325 per megawatt-hour.”
In 2021, Dentons advised on a RON 750 million facility for Electrica (as reported by CEE Legal Matters on November 16, 2021).
The Dentons team included Partner Claudiu Munteanu-Jipescu, Counsel Elena Vlasceanu, and Senior Associate Angelica Pintilie.
Dentons did not respond to our inquiry on the matter.
