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As of 13 January 2024, a new government decree amends the provisions of the clearance procedure of the Government Decree on certain foreign direct investments (“FDI”). The amendment grants the Hungarian State a right of first refusal in respect of acquisitions of strategic companies whose main or additional registered activity is electricity production and pursue solar power plant-related activity that are to be acquired by foreign investors.

On 8 January 2024, the Ministry of Energy of Ukraine issued the order "On Measures to Reduce Mutual Debts on the Electricity Market" (the "Order"), which sets out the methods for dealing with the situations where market participants have unpaid bills to each other. The purpose of the Order is to stabilize the operation of the electricity market and reduce debts in its specific segments.

Dentons has advised P Capital Partners on a euro-denominated senior debt package to project companies controlled by Susi Partners, acting on behalf of the Susi Energy Transition Fund, for a 167-megawatt portfolio of photovoltaic and wind power projects in Poland. Norton Rose Fulbright advised Susi.

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