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Glodeanu & Partners Advises INVL on Acquisition of Another Solar Portfolio in Romania

Glodeanu & Partners Advises INVL on Acquisition of Another Solar Portfolio in Romania

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Glodeanu & Partners has advised the INVL Renewable Energy Fund I on its acquisition of a 102.7-megawatt portfolio of solar projects in Romania.

INVL is a Vilnius-headquartered Baltic investment management and life insurance group whose companies manage pension, mutual funds, and life insurance commitments as well as individual portfolios, private equity, and other alternative investment products.

"The attractiveness of the Romanian market is growing fast," INVL Renewable Energy Fund I Managing Partner Liudas Liutkevicius commented. "We are observing constant growth of interest from foreign investors in the country’s renewable energy sector. Our fund’s investments in sustainable energy projects are already quite significant and we continue to actively seek new acquisition targets on the market. The fund’s solar projects in Romania are nearing the start of construction which opens more opportunities for local cooperation in areas of construction and equipment supply."

Earlier this year, Glodeanu & Partners advised the INVL Renewable Energy Fund I on the acquisition of two companies developing solar power plants in Romania with a capacity of 166 megawatts (as reported by CEE Legal Matters on June 22, 2022).

The Glodeanu & Partners team included Partner Cristina Gavrila.

Glodeanu & Partners did not respond to our inquiry on the matter.

Romanian Knowledge Partner

Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

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