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CMS Advises Entek on Acquisition of Solar Power Projects from Ecoenergy

CMS Advises Entek on Acquisition of Solar Power Projects from Ecoenergy

Romania
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CMS has advised Entek Elektrik Uretim on the acquisition of two Romanian companies owning the rights to a 214.26-megawatt solar power project under development from UK-based Econergy International.

The transaction remains contingent on regulatory approval.

Entek is a Koc Group company operating in the energy sector. It focuses on investing in energy technologies, as well as renewable energy sources, and is a 99.23% subsidiary of Turkish energy company Tupras Turkiye Petrol Rafinerileri – Turkey’s largest industrial enterprise.

Econergy is an international independent power producer of utility-scale renewable energy projects.

The CMS team included Managing Partner Horea Popescu, Partner Varinia Radu, Counsels Claudia Nagy and Ramona Dulamea, Senior Associate Raluca Diaconeasa, and Associates Eduard Roventa and Alexandru Trandafir.

CMS did not respond to our inquiry on the matter.

Editor's note: After this article was published, Vlasceau & Partners announced it advised Econergy International on the sale. The team was led by Partner Loredana Vlasceanu.

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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