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Kinstellar Advises Jantzen Renewables on Sale of 710-Megawatt PV Cluster in Romania to OMV Petrom

Kinstellar Advises Jantzen Renewables on Sale of 710-Megawatt PV Cluster in Romania to OMV Petrom

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Kinstellar has advised Danish developer Jantzen Renewables ApS on its sale of the Helios 1 photovoltaic cluster in Romania to OMV Petrom. Schoenherr reportedly advised OMV.

According to Kinstellar, “with the installed power estimated to be approximately 710 megawatts, the cluster will be one of Southeast Europe's most significant photovoltaic projects, powering around 280,000 Romanian households annually.”

“We are delighted to have signed this important transaction, which combines one of Romania's most significant renewable projects, the Helios 1 photovoltaic cluster, with the largest energy company in Southeast Europe,” Jantzen Renewables Partner & Head of Transactions Razvan Popa commented.

The Kinstellar team included Managing Partner Victor Constantinescu, Partner Iustinian Captariu, Managing Associates Catalin Dinu and Madalina Perte, Senior Associates Oana Grigore and Mihai Stan, and Associates Narcisa Muresan, Ecaterina Tanase, Miruna Dumitru, Cosmin Vasilescu, Ioana Criste, Dana Sarbu, and Ioana Popescu.

Editor's Note: After this article was published, Schoenherr confirmed it had advised OMV Petrom. The firm's team was led by Local Partner Monica Cojocaru and included Partner Georgiana Badescu and Senior Attorneys at Law Claudiu Stan and Vlad Cordea.

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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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