Clifford Chance has advised Nofar Energy on the engineering, procurement, and construction agreement and the operation and maintenance agreement with CJR Renewables for two photovoltaic projects in Romania with a capacity of 315 megawatts.
According to Clifford Chance, "this is a landmark EPC and O&M transaction for the maturing Romanian market of renewable energy, as we enter a new, strategic stage of development in this thriving industry. Strong engineering, procurement, and construction and operation & maintenance partnerships are essential for securing project financing, successfully finalizing projects, and ensuring the sustainability of investments."
Israel's Nofar Energy is a renewable energy investment company.
Portugal's CJR Renewables is an integrated services provider for wind farms and solar plants.
The Clifford Chance team included Bucharest-based Senior Associates Diana Borcean and Lavinia Dinoci and Associate Carmen Buzenche alongside Warsaw-based Senior Associates Adrian Krol and Marcin Markowski and Associate Kinga Grzelczak.
Clifford Chance did not respond to our inquiry on the matter.