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Wolf Theiss and Schoenherr Advise on Nokian Tyres' VPPA with Enery in Romania

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Wolf Theiss has advised Nokian Tyres on a virtual power purchase agreement with Enery. Schoenherr advised Enery.

Nokian Tyres develops and manufactures premium tires for passenger cars, trucks, and heavy machinery.

Enery is an independent renewable energy provider.

According to Wolf Theiss, the project involved the establishment of the “world’s first zero CO2 emission tire factory in Oradea, which is set to create over 500 new jobs.”

According to Schoenherr, "in addition to the energy supply, the 11-year PPA will also enable Enery to build a new solar power plant in Southern Romania, further supporting Europe's green transition.

The Wolf Theiss team included Partner Roxana Roman, Counsel Dana Toma, Senior Associate Vladimir Plugarescu, and Associate Ana Maria Mustatea.

The Schoenherr team included Partner Monica Cojocaru, Managing Attorney at Law Vlad Cordea, and Attorney at Law Cristina Olariu.

Wolf Theiss at a Glance

With over 360 lawyers in 13 countries, over 80% of the firm’s work involves cross-border representation of international clients. We have concentrated our energies on a unique part of the world: the complex, fast-developing markets of the CEE/SEE region. Through our international network of offices, we work closely with our clients to develop innovate solutions that integrate legal, financial, and business know-how.

Wolf Theiss provides fully integrated corporate services in mergers and acquisitions, private equity, real estate, banking and finance, tax and insurance, employment law, competition law, energy law, privatisation, restructuring, public procurement and litigation. At Wolf Theiss, we measure our success by the success of our clients. We align our goals with yours to ensure that your needs are being met in even the most complex of cross-border matters. This means that we know how to listen to you and help you use the assets you already have while finding opportunities.

Firm's website:

Wolf Theiss – Leading Lawyers in CEE/SEE