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MPR Partners Advises EnPower Energy on Development and Sale of Ovidiu 60-Megawatt PV Project to Econergy

MPR Partners Advises EnPower Energy on Development and Sale of Ovidiu 60-Megawatt PV Project to Econergy

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MPR Partners has advised EnPower Energy on the development and sale of a 60-megawatt photovoltaic project near Ovidiu, Romania, to Israel's Econergy International.

The project will cover an area of 100 hectares. It was developed by EnPower Energy and, after obtaining the zoning permit and technical connection approval, was acquired by Econergy International. The EnPower Energy team will continue the coordination until the construction permit is obtained and the project is commissioned, MPR Partners reported.

For Israeli investor Econergy International, the acquisition is part of its expansion strategy in Romania, where it owns projects with a combined capacity of 1.5 gigawatts. The company is part of Econergy Renewable Energy, based in Israel, with operations in Romania, Italy, Greece, Poland, Spain, and the UK.

The MPR Partners team was led by Founding Partner Gelu Maravela and Partner Dana Radulescu and consisted of eight lawyers.

MPR Partners could not provide 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). 

Firm's website.

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