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CMS Advises PPC on 2-Gigawatt Cooperation Framework Agreement with Mytilineos

CMS Advises PPC on 2-Gigawatt Cooperation Framework Agreement with Mytilineos

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CMS has advised Greece's Public Power Corporation on a cooperation framework agreement for the development and construction of almost 90 solar projects of up to 2,000 megawatts in Romania, Italy, Bulgaria, and Croatia. The deal is valued at up to EUR 2 billion and is expected to be implemented over the next three years.

According to CMS, "the 90 solar projects are owned by Mytilineos Energy & Metals in Romania (516 megawatts), Italy (503 megawatts), Bulgaria (500 megawatts), and Croatia (445 megawatts) and are at various stages of development. With this new agreement, the PPC Group will acquire RES projects in three new countries and expand its presence in Romania, while Mytilineos will undertake the development and construction of the projects, which will then be acquired by the PPC Group upon completion of their connection to the electricity grid."

The CMS team included Managing Partner Horea Popescu and Counsels Mircea Moraru and Veliko Savov.

CMS 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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