The SOG Law Firm has advised PowerChina Resources on its acquisition of a 51% stake in the Vetrozelena wind farm project from CWP Europe. Moravcevic Vojnovic and Partners in cooperation with Schoenherr reportedly advised the seller.
"PowerChina Resources is going to become the majority owner through the recently signed share purchase agreement, while the remaining 49% share will be owned by CWP Europe," SOG informed.
The 297.6-megawatt Vetrozelena wind farm project is located in Pancevo, in the autonomous province of Vojvodina in the northern quarter of Serbia. "The wind farm is going to have 48 wind generators," the firm reported. "Upon completion of construction and reaching the targeted commercial operation date in 2025, the Vetrozelena wind farm will be the largest wind farm project in the country."
PowerChina is a wholly state-owned company that offers engineering, procurement, and construction services to hydropower, waterworks, thermal power, energy, and transmission and distribution projects.
CWP is a renewable energy development company active in Europe and Australia.
The SOG team included Partner Radovan Grbovic, Senior Associate Aleksa Bosnjovic, and Junior Associate Jelisaveta Folic.