16
Tue, Jul
71 New Articles

Musat & Asociatii Advises Naxxar Renewable Energy on Sale of 60% Stake in Naxxar Wind Farm Four to Polenergia

Musat & Asociatii Advises Naxxar Renewable Energy on Sale of 60% Stake in Naxxar Wind Farm Four to Polenergia

Romania
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Musat & Asociatii has advised Naxxar Renewable Energy on the sale of a 60% stake in the 685.6-megawatt Naxxar Wind Farm Four in Tulcea County to Polenergia, with an option for the remaining 40%.

Naxxar Renewable Energy is a Bucharest-based renewable energy company.

Polenergia describes itself as the largest private energy group in the Polish market.

According to Musat & Asociatii, Naxxar is developing one of the largest onshore wind farm projects in the region, in Romania, with an estimated capacity of approximately 685.6 megawatts, located in Tulcea County. The agreement provides for Polenergia’s right to acquire the remaining 40% of the shares of Naxxar Wind Farm Four SRL during the period between July 1, and December 31, 2024.

The Musat & Asociatii team included Deputy Managing Partner Iulian Popescu, Partner Andrei Ormenean, Managing Associate Madalina Trifan, and Senior Associates Sirin Omer and Cristian Cepesi.

Editor's Note: After this article was published, Dentons informed CEE Legal Matters that it had advised Polenergia. The firm's team included Bucharest-based Partners Claudiu Munteanu-Jipescu, Raul Mihu, Bogdan Papandopol, and Liviu Togan, Counsel Elena Vlasceanu, Senior Associates Andreea Predescu and Angelica Pintilie, and Associates Alexandra Sofineti, Alin Dimache, and Nadia Al Battah as well as Warsaw-based Partners Christian Schnell and Pawel Grabowski and Senior Associates Bartosz Juszczak and Joanna Swiostek

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.

Our Latest Issue