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Ijdelea & Associates Advises on Eiffel Investment Group and R.Power Renewables One-Gigawatt Joint Venture

Ijdelea & Associates Advises on Eiffel Investment Group and R.Power Renewables One-Gigawatt Joint Venture

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Ijdelea & Associates has advised the Eiffel Investment Group on the creation, financing, and ongoing development of a joint-venture partnership with R.Power Renewables for the development of a one-gigawatt portfolio of solar projects in Romania.

The Eiffel Investment Group is an asset manager based in France.

R.Power is a power producer active in solar PV and battery storage that operates in Poland, Italy, Portugal, Spain, Germany, and Romania.

Once built, the projects are expected to deliver enough clean electricity to power more than 500,000 Romanian households and help prevent 420,000 tons of carbon dioxide emissions annually.

"This third transaction for the Eiffel Transition Infrastructure fund will accelerate the deployment of new renewable energy capacities in Romania," Eiffel Investment Group Head of Renewables Investment Strategy Pierre-Antoine Machelon stated, "by providing the necessary equity for the development phase of the projects and by taking advantage of R.Power’s solid experience in terms of development of photovoltaic power plants."

The Ijdelea & Associates team was led by Managing Partner Oana Ijdelea and Partner Siranus Hahamian and included Managing Associate Ana Parvu and Senior Associates Luiza Catalinescu and Andreea Tudor.

The firm 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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