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CMS Advises on Astronergy’s Acquisition of Two Solar Projects in Bulgaria

CMS Advises on Astronergy’s Acquisition of Two Solar Projects in Bulgaria

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CMS has advised Astronergy on the acquisition of the Karlovo and Novi Pazar greenfield solar projects in Bulgaria, with a combined capacity of 120 megawatts. Schoenherr reportedly advised the sellers.

Astronergy is a producer of solar PV modules and transformers.

According to CMS, “the acquisition of the Karlovo and Novi Pazar projects marks another major milestone for Astronergy in Bulgaria, having 50 megawatts of operational PV plants under the feed-in tariff support scheme.”

The CMS team included Managing Partner Kostadin Sirleshtov, Counsels Borislava Piperkova and Veliko Savov, Senior Associates Alexander Rangelov and Vaska Solakova, Associate Diyan Georgiev, and Legal Trainees Lyubomira Tanchovska and Niya Ivanova.

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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