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Deloitte Legal Helps ABO Wind with Second Hungarian Investment

Deloitte Legal Helps ABO Wind with Second Hungarian Investment

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Deloitte Legal has helped Germany's ABO Wind AG launch a 5.2 MW solar power plant to the south of Debrecen in Hungary.

On January 28, 2019, ABO Wind acquired the licensed project company, allowing the German company to build a solar power plant in the southern part of Debrecen. The plant is ABO Wind's second solar panel project in Hungary, as the company is also developing a 4.95 megawatt solar power plant to be completed in the first half of 2019.

Deloitte Legal describes ABO Wind, which was founded in 1996 and which employs more than 500 people, as "an experienced project developer in Germany and in the region, with significant investments as owner, builder and operator." According to Deloitte Legal, "ABO Wind undertakes all steps of project development, from the purchase of the site to construction. The company buys and successfully completes projects at any stage of the development. So far, the company has connected some 670 wind, solar, and biogas power plants to the electricity network in all parts of the world with a total capacity of 1500 MW. The company is currently working in 16 countries with 4,000 megawatts of wind power and 600 megawatts of solar power."

Hungary Knowledge Partner

Nagy és Trócsányi was founded in 1991, turned into limited professional partnership (in Hungarian: ügyvédi iroda) in 1992, with the aim of offering sophisticated legal services. The firm continues to seek excellence in a comprehensive and modern practice, which spans international commercial and business law. 

The firm’s lawyers provide clients with advice and representation in an active, thoughtful and ethical manner, with a real understanding of clients‘ business needs and the markets in which they operate.

The firm is one of the largest home-grown independent law firms in Hungary. Currently Nagy és Trócsányi has 26 lawyers out of which there are 8 active partners. All partners are equity partners.

Nagy és Trócsányi is a legal entity and registered with the Budapest Bar Association. All lawyers of the Budapest office are either members of, or registered as clerks with, the Budapest Bar Association. Several of the firm’s lawyers are admitted attorneys or registered as legal consultants in New York.

The firm advises a broad range of clients, including numerous multinational corporations. 

Our activity focuses on the following practice areas: M&A, company law, litigation and dispute resolution, real estate law, banking and finance, project financing, insolvency and restructuring, venture capital investment, taxation, competition, utilities, energy, media and telecommunication.

Nagy és Trócsányi is the exclusive member firm in Hungary for Lex Mundi – the world’s leading network of independent law firms with in-depth experience in 100+countries worldwide.

The firm advises a broad range of clients, including numerous multinational corporations. Among our key clients are: OTP Bank, Sberbank, Erste Bank, Scania, KS ORKA, Mannvit, DAF Trucks, Booking.com, Museum of Fine Arts of Budapest, Hungarian Post Pte Ltd, Hiventures, Strabag, CPI Hungary, Givaudan, Marks & Spencer, CBA.

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