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.