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Clifford Chance Advises Nofar Energy on EPC and O&M Agreements with CRJ Renewables

Clifford Chance Advises Nofar Energy on EPC and O&M Agreements with CRJ Renewables

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Clifford Chance has advised Nofar Energy on the engineering, procurement, and construction agreement and the operation and maintenance agreement with CJR Renewables for two photovoltaic projects in Romania with a capacity of 315 megawatts.

According to Clifford Chance, "this is a landmark EPC and O&M transaction for the maturing Romanian market of renewable energy, as we enter a new, strategic stage of development in this thriving industry. Strong engineering, procurement, and construction and operation & maintenance partnerships are essential for securing project financing, successfully finalizing projects, and ensuring the sustainability of investments."

Israel's Nofar Energy is a renewable energy investment company.

Portugal's CJR Renewables is an integrated services provider for wind farms and solar plants.

The Clifford Chance team included Bucharest-based Senior Associates Diana Borcean and Lavinia Dinoci and Associate Carmen Buzenche alongside Warsaw-based Senior Associates Adrian Krol and Marcin Markowski and Associate Kinga Grzelczak.

Clifford Chance did not respond to our inquiry on the matter.

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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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