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Sayenko Kharenko Helps Elementum Energy Acquire Volterra Energy's Minority Stake in Joint Venture

Sayenko Kharenko Helps Elementum Energy Acquire Volterra Energy's Minority Stake in Joint Venture

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Sayenko Kharenko has advised Elementum Energy on its acquisition of the minority stake in the joint venture company EE had entered into with the Volterra Energy Group.

Financial details of the transaction were not disclosed.

VR Capital is an alternative asset manager focused on emerging markets, including Ukraine. Elementum Energy is a renewable energy producer in Ukraine, and a subsidiary of VR Capital. The company currently owns and operates a portfolio of 28 solar power plants with a total installed capacity of 536 megawatts and is also in the final stages of development of a 40 megawatt wind power plant.

Volterra Energy Group is a renewable energy development and investment management group focusing on solar, wind, small hydro, energy storage, and waste-to-energy technologies. 

Sayenko Kharenko helped VR Capital establish the JV company with Volterra Energy Group in 2019 for the purpose of developing solar power plants in Ukraine (as reported by CEE Legal Matters on April 10, 2019). According to the firm, “the joint venture company has successfully developed ten solar power plant projects in Ukraine, with the total installed capacity of 147 megawatts.”

Sayenko Kharenko’s team included Partners Maksym Nazarenko and Oleksandr Nikolaichyk, Senior Associate Mykhailo Grynyshyn, and Associates Zarina Khalimon, Igor Pomaz, and Snizhanna Savka.  

Sayenko Kharenko did not reply to an inquiry about the deal.

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AVELLUM is a leading Ukrainian full service law firm with a key focus on Finance, Corporate, Dispute Resolution, Tax, and Antitrust.

Our aim is to be the firm of choice for large businesses and financial institutions in respect of their most important and challenging transactions.

We build lasting relationships with our clients and make them feel secure in new uncertain economic and legal realities.

We incorporate the most advanced Western legal techniques and practices into our work. By adding our first-hand knowledge, broad industry experience, and unparalleled level of service we deliver the best results to our clients in their business endeavours. Our partners are taking an active role in every transaction and ensure smooth teamwork.

AVELLUM is recognised as one of the leading law firms in Ukraine by various international and Ukrainian legal editions (Chambers, The Legal500, IFLR1000, The Ukrainian Law Firms, and others).

Firm's website: www.avellum.com


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