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Vlasceanu Nyerges and Partners Advises Econergy on Acquisition of Romanian PV Project

Vlasceanu Nyerges and Partners Advises Econergy on Acquisition of Romanian PV Project

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Vlasceanu, Nyerges and Partners has advised Econergy on its acquisition of an 87-megawatt photovoltaic development project located in Parau, Brasov County, Romania.

According to Vlasceanu, Nyerges and Partners, construction is set to begin in the first half of 2022. Along with the recently closed 153-megawatt Ratesti project acquisition (as reported by CEE Legal Matters on August 18, 2021) "the closing of the Parau project supports Econergy’s target of 1.5 gigawatts for Romania."

"It’s been a complex negotiation with a reputable developer. The main legal challenge came from the historical evolution of the project (originated under the first RES projects wave)," Managing Partner Daniel Vlasceanu, who led the firm's team, commented. "The project team managed to steer negotiations towards the desired result; hence, we can celebrate the closing of another beautiful clean energy deal!"

Vlasceanu, Nyerges and Partners was unable to disclose further information on the deal.

Romanian Knowledge Partner

Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

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