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CMS Advises Acciona Energia on Expansion of Solar Projects Portfolio in Ukraine

CMS Advises Acciona Energia on Expansion of Solar Projects Portfolio in Ukraine

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CMS Ukraine has advised Acciona Energia on all aspects of its joint venture projects with UDP Renewables, a Ukrainian investment and development company for the renewable energy sector. Everlegal reportedly advised UDP Renewables on the deal.

Acciona is a global investor and operator of renewable energy projects.

As part of the projects, Acciona Energia and UDP Renewables will construct two new solar power plants, Gudzovka-Solar and Arcyz-Solar, in the Odesa region of Ukraine, with an aggregate peak capacity of 44 megawatts. 

The CMS team was led by Partners Vitaliy Radchenko and Tetyana Dovgan, supported by Managing Partner Graham Conlon, Partner Olga Belyakova, Lawyer Diana Pysarenko, Senior Associate Nataliya Nakonechna, and Associates Vitalii Mainarovych, Mariana Saienko, and Mykola Heletiy.

Editor's Note: After this article was published, Everlegal confirmed its involvement in the deal. The firm's team was led by Partner Andriy Olenyuk, assisted by Managing Partner Yevheniy Deyneko, Senior Associate Yuliia Kylchynska, Associate Alina Zhuk, and Junior Associates Mykyta Stebliuk, Olha Horodniuk, and Vladyslav Lazarevych.  

On November 9, 2020, CMS informed CEE Legal Matters that the project had been "built and commissioned."

CMS at a Glance

CMS Sofia is a full-service law firm, the largest international law firm in Bulgaria and one of the largest providers of legal services in the local market as a whole. The breadth and depth of our practice means that our lawyers are specialised, with a level of specialisation that few of our competitors can match.

CMS Sofia is the Bulgarian branch of CMS, a top ten global legal and tax services provider with over 5000 lawyers in 43 countries and 78 offices across the world.

CMS entered the Bulgarian market as one of the first internationally active law firms in 2005 and is now among the most respected legal advisors in the country. We have 7 partners, 4 counsel and over 30 lawyers in our office in Sofia.

Our legal experts, who are rooted in Bulgaria’s local culture, can also draw on years of experience in foreign countries and are at home in several legal systems at once. We know the particularities of the local market just as well as the needs of our clients and combine both to achieve optimum solutions. Our lawyers are Bulgarian qualified and we also have English qualified experts – all of them regularly working on cross-border mandates.

In our work, we focus on M&A, Energy, Projects and Construction, Banking and Finance, Real Estate, Media, IP and IT law, Tax, Employment law, Competition, Procurement and any kind of Dispute resolution, including arbitration and mediation. What’s more, we also take care of the entire legal management of our clients’ projects.

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