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Clifford Chance Advises MORE on Entry into Romanian market

Clifford Chance Advises MORE on Entry into Romanian market

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Clifford Chance has advised Greek-based Motor Oil Renewable Energy Single Member on its entry into the Romanian renewable energy market via the acquisition of two photovoltaic projects in Buzau County with Premier Energy Group.

The transaction remains contingent on regulatory approval.

According to Clifford Chance, MORE performed the purchase via Alive Renewable Holding Limited. The projects in question have a total installed capacity of 86 megawatts and an additional 18 megawatt-hours energy storage capacity.

The Clifford Chance team included Partner Nadia Badea, Counsel Loredana Ralea, and Senior Associate Ecaterina Burlacu.

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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