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.