CMS, working with Norton Rose Fulbright, has advised UGT Renewables on a partnership agreement with Serbia's state-owned power utility Elektroprivreda Srbije and the Ministry of Mining and Energy for the development and construction of new solar power plants and battery storage facilities in Serbia. Akin Gump reportedly advised the Government of the Republic of Serbia.
UGT Renewables is a US-based solar energy and storage developer
According to CMS, "the project will have a total installed capacity exceeding 1 gigawatt and 200 megawatts/400 megawatt-hours of battery storage. Hyundai Engineering Co. Ltd will also be part of the consortium."
In 2022, CMS advised UGT Renewables on a joint solar energy project with Montenegro’s EPCG (as reported by CEE Legal Matters on November 22, 2022).
The CMS team included Managing Partner Radivoje Petrikic, Partner Ivan Gazdic, Senior Lawyer, Tamara Zejak, Senior Associates Marija Marosan, Teodora Vujosevic, and Milica Popovic, and Associate Jelena Djordjevic.
Editor's Note: After this article was published, Gecic Law announced that it had advised the Government of the Republic of Serbia, working alongside Akin Gump. The firm's team included Partners Ognjen Colic and Miodrag Jevtic, Counsel Milos Petakovic, and Senior Associate Zarko Popovic.
