Oppenheim has advised the China National Machinery Import & Export Corporation and China Power International Holding on the acquisition of a project company developing a photovoltaic project with an installed capacity of 53.9 megawatts in Tiszafured, Hungary. Schoenherr advised the ID Energy Group on the sale.
CMC is focusing on providing renewable energy solutions in the European market.
CPIH's main business covers the development, investment, construction, and operation of conventional power, new energy, integrated smart energy, and hydrogen projects. Currently, CPIH owns power-generating assets of coal, hydro, natural gas, wind, solar, biomass, and waste-to-energy, distributed across 24 provinces, cities, and autonomous regions in mainland China, as well as in the Hong Kong and Macau SAR, and also expanded to Pakistan, Vietnam, Brazil, Chile, Australia, Mexico, Kazakhstan, Germany, and other countries.
The Oppenheim team included Partner Peter Horvai-Hillenbrand, Principal Associate Zoltan Kolodzey, Senior Associate Gergely Szecsenyi, and Associate Patrik Pazmandi.
The Schoenherr team included Partners Laszlo Krupl and Gergely Szaloki and Associate Viktoria Magyar.
Editor's Note: After this article was published, Schoenherr clarified that the sell-side workstream was spearheaded by ID Energy Group's in-house team, which included Head of Legal Eszter Berki and Legal Advisor Eszter Szentpeteri.