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Online Renewable Energy Investment Platform Launched in Ukraine

Online Renewable Energy Investment Platform Launched in Ukraine

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On June 20, 2019, the Dentons, CMS, and Everlegal law firms, working with global accounting network Baker Tilly and Ukraine's IKNET, which implements, manages, and guides investment projects in the energy industry, signed a Memorandum of Cooperation to create GetMarket, an open online platform for green projects.

A full launch of GetMarket is scheduled for the fall of 2019.

According to Everlegal, the goal of the GetMarket platform is to provide greater visibility and transparency to Ukraine’s growing renewable energy projects market, while also supporting market players and the growing number of foreign investors. Everlegal reports, “the renewables sector in Ukraine is developing very quickly, but there is still a great deal of uncertainty in the market, and a risk that investors could fall into the hands of unscrupulous companies or get involved in poor-quality projects.”

In its press release Everlegal says that the platform will be a convenient tool for insurance companies, banking and financial institutions, and consulting firms that operate in the renewable energy market that will allow investors to search for investment opportunities without bureaucracy, compare renewable energy projects according to chosen parameters, and find potential partners and suppliers. 

In advance of the fall launch, the founders will develop a database of market participants and establish what they describe as “unbiased and transparent” rating criteria. Data collection will start with solar projects, reportedly the most active segment of Ukrainian market at this time, and will progress to wind, biomass, and biogas projects. In the future, Everlegal reports that GetMarket will engage financial institutions, state institutions, business associations, and market participants to ensure a balanced perspective on the sector. 

In addition to the online platform, the GetMarket project will also include training seminars and networking meetings with market participants in different regions of the country.

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.

Firm's website.