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Musat & Asociatii Advises Naxxar Renewable Energy on Sale of Naxxar Wind Farm Four to Polenergia

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Musat & Asociatii has advised Naxxar Renewable Energy on the sale of the remaining 40% stake in Naxxar Wind Farm Four SRL to Polenergia.

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

According to Musat & Asociatii, "Polenergia has thus exercised its option to buy the remaining shares in NX4, provided for in the conditional agreement signed about a year ago, when it acquired 60% of the company, thus becoming the sole shareholder of NX4." (as reported by CEE Legal Matters on October 16, 2023)

Moreover, the firm reports that "currently, Naxxar through NX4 is developing in Romania one of the largest onshore wind farm projects in the region, with an estimated capacity of approximately 685.6 megawatts, located in Tulcea County. 

The Musat & Asociatii team included Partners Andrei Ormenean and Iuliana Iacob, Managing Associate Cristian Cepesi, and Senior Associates Daphne-Sirin Stan and Cristina Solcan.

Musat & Asociatii 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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