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SOG Advises PowerChina on Acquisition of Vetrozelena from CWP Europe

SOG Advises PowerChina on Acquisition of Vetrozelena from CWP Europe

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The SOG Law Firm has advised PowerChina Resources on its acquisition of a 51% stake in the Vetrozelena wind farm project from CWP Europe. Moravcevic Vojnovic and Partners in cooperation with Schoenherr reportedly advised the seller.

"PowerChina Resources is going to become the majority owner through the recently signed share purchase agreement, while the remaining 49% share will be owned by CWP Europe," SOG informed.

The 297.6-megawatt Vetrozelena wind farm project is located in Pancevo, in the autonomous province of Vojvodina in the northern quarter of Serbia. "The wind farm is going to have 48 wind generators," the firm reported. "Upon completion of construction and reaching the targeted commercial operation date in 2025, the Vetrozelena wind farm will be the largest wind farm project in the country."

PowerChina is a wholly state-owned company that offers engineering, procurement, and construction services to hydropower, waterworks, thermal power, energy, and transmission and distribution projects.

CWP is a renewable energy development company active in Europe and Australia.

The SOG team included Partner Radovan Grbovic, Senior Associate Aleksa Bosnjovic, and Junior Associate Jelisaveta Folic.

Serbia Knowledge Partner

SOG in cooperation with Kinstellar is a full-service business law firm in Serbia that provides foreign and domestic clients with premium-quality legal advice and assistance across a wide range of key areas of corporate law. The firm was founded in 2015 by a group of seasoned, internationally-trained lawyers. SOG has developed a distinctively dynamic culture, bringing together top talent, fostering entrepreneurship, and maintaining exceptional relationships with its clients.

SOG has achieved consistent growth in the volume of its business, accompanied by an exponential increase in the number of hired associate lawyers and the firm’s network of business contacts. SOG has a robust client base of multinationals, investment and private equity firms, and financial institutions. Clients praise SOG for being commercially minded, very responsive and knowledgeable.

Establishing permanent cooperation with Kinstellar is part of realising SOG's long-term development strategy to be the leading provider of legal services in the Western Balkans market.

Firm's website: https://www.kinstellar.com/

 

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