BDK Advokati has advised Enlight Renewable Energy and Enlight K-2 Wind on the development and financing of the 94.4-megawatt Pupin wind farm slated for construction in Kovacica, Serbia. Harrisons and, reportedly, White & Case advised lenders Erste Bank AG, Erste Bank Novi Sad, and the EBRD on their EUR 91.4 million financing.
Allen & Overy and Skils Advise on Macquarie Asset Management's Sale of GasNet to CEZ
Allen & Overy has advised Macquarie Asset Management on the disposal of its 55.21% indirect interest in GasNet and GasNet Sluzby, at a total enterprise value of approximately EUR 4 billion. Skils advised CEZ on the acquisition.
Contracts for Difference: The European Commission Has Approved a EUR 3 Billion State Aid Scheme for Romania to Support Onshore Wind and Solar Photovoltaic Installations.
On 6 March 2024, the Ministry of Energy received approval from the European Commission (the “Decision“) for the contract-for-difference financing scheme in support of onshore wind and solar PV installations to promote the transition to a zero net-zero economy. On 27 March 2024, a non-confidential version of the Decision was published in the State Aid Register on the Commission’s competition website.
DWF and DLA Piper Advise on SachsenEnergie's Acquisition of PV Plants in Poland
DWF has advised German energy company SachsenEnergie on the acquisition of three photovoltaic farms with a total installed capacity of 23.1 megawatts from Onde. DLA Piper advised Onde.
Schoenherr Successful on Binding EIA Approval for Loidesthal II Wind Farm
Schoenherr has successfully represented ImWind in obtaining a legally binding EIA permit for the Loidesthal II wind farm in Zistersdorf, Lower Austria.
TGS Baltic Advises Soldera on Launching Renewable Energy Certificate of Origin Management Platform
TGS Baltic has advised Estonian energy company Soldera on launching the first renewable energy certificate of origin management platform in Estonia.
Romania: CfD Scheme for Renewables to Go Live in 2024
In March the European Commission approved a EUR 3bln (RON 15.22bln) Romanian scheme to support installations producing electricity from onshore wind and solar photovoltaic. The approval relates to an initiative launched for consultations by the Ministry of Energy in August 2023, aimed at implementing a Contracts for Difference (CfD) support mechanism for low-carbon technologies (the "CfD Scheme").