Wed, Apr
37 New Articles

CMS Helps Global Biomet Obtain License for Photovoltaic Plant in Bulgaria

CMS Helps Global Biomet Obtain License for Photovoltaic Plant in Bulgaria

  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

CMS has helped Global Biomet obtain a license for a photovoltaic plant in its portfolio – the 100-megawatt AC capacity Aratiden project – before the Bulgarian State Energy and Water Regulatory Commission.

According to CMS, “the project will start commercial operation in the first quarter of 2024, with an investment cost of EUR 70 million. It will add 5% of installed capacity to Bulgaria’s currently operational 2 gigawatts of solar capacity.”

Back in 2019, CMS successfully represented Global Biomet in proceedings against the Ministry of Finance of the Republic of Bulgaria in a dispute related to the country's feed-in tariff (as reported by CEE Legal Matters on August 19, 2021) and, in 2020, helped the company settle a multi-million euro renewable energy dispute with the Sustainable Energy Development Fund (as reported by CEE Legal Matters on April 23, 2020).

The CMS team included Managing partner Kostadin Sirleshtov and Associates Borislava Piperkova, Elena Yotova-Yordanova, and Diyan Georgiev.

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.