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MPR Partners and Schoenherr Advise on V-Ridium’s Acquisition of Solar Park from Samsung C&T

MPR Partners and Schoenherr Advise on V-Ridium’s Acquisition of Solar Park from Samsung C&T

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MPR Partners has advised GreenVolt subsidiaries V-Ridium Solar 45 and V-Ridium Renewables on their EUR 83 million acquisition of a photovoltaic project from the Samsung C&T Corporation. Schoenherr and, reportedly, Herbert Smith Freehills advised the seller. CMS reportedly advised a consortium of banks on financing the acquisition.

The acquired 45-megawatt peak solar photovoltaic project is located in Giurgiu county, Romania. According to Schoenherr, the project started operating in 2013 and has registered a stable electricity generation profile since then.

GreenVolt is a Portugal-based renewable energy producer active in biomass, solar photovoltaic project energy, and decentralized energy generation. The company started its operations in Romania in 2021.

The Samsung C&T Corporation is a multi-business company consisting of four independent business groups: Engineering & Construction, Trading & Investment, Fashion, and Resort. The Trading & Investment group operates in renewable energy, including wind and solar photovoltaic projects, with the aim to meet the global need for energy diversification.

"This purchase marks another step in the growth strategy defined by GreenVolt," GreenVolt CEO Joao Manso Neto commented. "The Lions park reinforces our generation capacity from renewable sources, opening up a wide range of possibilities for the commercialization of this energy."

The MPR Partners team was led by Founding Partner Alina Popescu and Partner Dana Radulescu and included Partner Daniel Alexie, Senior Associates Diana Borcean and Flavia Stefura, and Associates Oana Savulescu and Sonia Benga.

The Schoenherr team was led by Local Partner Monica Cojocaru and included Partner Georgiana Badescu, Managing Attorney-at-Law Madalina Mitan, and Senior Attorney-at-Law Simona Lehniuc.

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). 

Firm's website.

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