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Schoenherr Advises Nofar Energy on Acquisition of Solar Project in Romania

Schoenherr Advises Nofar Energy on Acquisition of Solar Project in Romania

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Schoenherr has advised Nofar Energy on its acquisition of a 73-megawatt solar photovoltaic project in Slobozia, Giurgiu county.

According to Schoenherr, the transaction is part of the company's announced plans to acquire, develop, and install solar photovoltaic power plants and wind farms with a total capacity of 1.5 gigawatts in 2023.

Nofar Energy is a Tel Aviv Stock Exchange-listed company that specializes in developing, operating, and storing energy produced from photovoltaic power plants and wind parks. The company has operations in Spain, Italy, Israel, Poland, the UK, and the US.

Schoenherr previously advised Nofar Energy on its acquisition of the Ratesti 153-megawatt photovoltaic development project from Portland Trust (as reported by CEE Legal Matters on August 18, 2021).

The Schoenherr team was led by Local Partner Monica Cojocaru and included Partner Georgiana Badescu, Senior Attorneys-at-Law Vlad Cordea and Alexandra Huza, and Attorney-at-Law Darius Trusculete.

Schoenherr 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). 

Firm's website.

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