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RTPR Advises Engie Romania on Acquisition of 80-Megawatt Chirnogeni Wind Farm

RTPR Advises Engie Romania on Acquisition of 80-Megawatt Chirnogeni Wind Farm

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Radu Taracila Padurari Retevoescu has advised Engie Romania on its acquisition of an 80-megawatt operational wind farm majority owned by the EnerCap Group, in Chirnogeni, Romania.

The transaction remains contingent on regulatory approval. The Engie Group specializes in low-carbon energy and related services. The company employs over 170,000 people around the world.

According to Engie, the wind farm's area is known for its favorable wind conditions. "The wind farm at Chirnogeni has a total installed capacity of 80 megawatts and the estimated annual net production is approximately 180 gigawatt-hours, equivalent to the annual electricity consumption of 90,000 households."

Engie Romania already owns and operates two other wind farms in the region, in Braila and Galati counties, which have a total installed capacity of 98 megawatts. "With this acquisition, the company will almost double its existing green energy production capacity and will contribute, together with the solar energy assets, to the acceleration of the energy transition in Romania," Engie announced.

"This investment strengthens the company's presence in the green energy sector and makes an essential contribution to achieving the assumed goals of having an installed renewable energy production capacity of 1,000 megawatts by 2030," Engie Romania Deputy General Director Cristian Buzan commented. "With each such initiative, we support our commitment towards a sustainable and efficient energy future."

The RTPR team was led by Partner Mihai Ristici and Counsel Vlad Stamatescu and included Partner Roxana Ionescu, Energy Consultant Bogdan Cordos, Senior Associates Cezara Urzica and Andreea Nedeloiu, Associate Serban Halmagean, and Junior Associates George Capota, Maria Luca, Radu Ciolacu, Luka Perovic and Andrei Nicolae.

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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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