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Clifford Chance Advises BCR and Erste Group Bank on Financing Enery's Acquisition of JPT Renewables Portfolio in Romania

Clifford Chance Advises BCR and Erste Group Bank on Financing Enery's Acquisition of JPT Renewables Portfolio in Romania

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Clifford Chance has advised Banca Comerciala Romana and Erste Group Bank on the financing for Enery Power Holding’s acquisition of the Romanian renewable energy portfolio from Jade Power Trust.

"The transaction, which targets two wind farms in Dobrogea, two solar energy projects, and two hydroelectric plants, marks the exit of the Canadian company from Romania and the consolidation of the presence on the local market of one of the most active regional players," Clifford Chance announced.

CEE Legal Matters reported on the original transaction – Jade Power Trust’s sale of its portfolio of six renewable energy projects in Romania to Enery Power Holding – on September 9, 2022, while the closing of that transaction was covered on December 13, 2022.

The Clifford Chance team included Counsel Andreea Sisman, Senior Associates Madalina Mailat and Gabriel Toma, and Lawyer Nicolae Grasu.

Clifford Chance did not respond to our inquiry on the matter.

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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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