Schoenherr Advises Risen Energy Solar Project on Sale of Photovoltaic Park to Alternus Energy Group

Schoenherr Advises Risen Energy Solar Project on Sale of Photovoltaic Park to Alternus Energy Group

Romania
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Schoenherr has advised Risen Energy Solar Project GmbH on the sale of a photovoltaic project with an installed capacity of 20 MW, located in Giurgiu county, Romania, to Alternus Energy Group plc.

According to Schoenherr, Risen Energy Solar Project is a subsidiary of Risen Energy. According to the firm, “the company has committed to this industry as an R&D expert, an integrated manufacturer from wafers to modules, a manufacturer of off-grid systems, and also an investor, a developer and an EPC of PV projects.” Through the transaction, Risen Energy Solar Project is selling 100% of the share capital of LJG Green Source Energy Beta SRL, the project company that operates the photovoltaic park, to Alternus Energy Group.

Alternus Energy is an Irish-incorporated solar park operator. The company acquires small- to medium-sized solar photovoltaic parks across Europe. Its portfolio before this acquisition included a diversified portfolio of solar photovoltaic parks in Germany, Italy, Netherlands, and Romania, with a total installed capacity of 48 MW.

Schoenherr’s team included Local Partner Monica Cojocaru and Senior Attorney Simona Lehniuc.

Schoenherr could not provide more information on the deal.