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Everlegal Advises UDP Renewables on Ukrainian Solar Power Plants Sale

Everlegal Advises UDP Renewables on Ukrainian Solar Power Plants Sale

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Everlegal has advised UDP Renewables on the sale of solar power plants under development in the Kyiv region to Acciona Energy. Dentons advised the buyers on the acquisition.

Everlegal reports that, following the expected July 2018 closing of the transaction, Acciona Energy -- a Spanish sustainable infrastructure and renewable energy company -- will invest EUR 54.7 million in the development and construction of the solar power plants, which are expected to become operational in the first quarter of 2019. The transaction remains subject to clearance by the Ukrainian competition authority.

UDP Renewables is an investment and development company in the Ukrainian renewable energy market. According to Everlegal, the company intends to commission 100 MW of installed capacity in 2018.

The Everlegal team was led by Partner Andriy Olenyuk, assisted by Associate Alina Zhuk and Junior Associate Mykyta Stebliuk. Managing Partner Yevheniy Deyneko provided expertise and assistance as well.

Dentons 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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