Kyriakides Georgopoulos Law Firm Advised Lightsource bp
September 2023
Kyriakides Georgopoulos Law Firm’s Energy Infrastructure team acted as legal advisor of Lightsource bp, in the conclusion of an agreement with HELLENiQ Renewables, for the sale of a PV portfolio in the region of Kozani with an aggregate capacity of up to 180 MW. The sale of the projects will be completed gradually upon the start of commercial operations. KG’s involvement was continuous in supporting the seller, LIGHTSOURCE RENEWABLE ENERGY GREECE HOLDINGS (UK) LIMITED, throughout the buyer’s due diligence process and the drafting, negotiation, and finally execution of the…
BOYANOV & Co. Аdvised Rezolv Energy on the Acquisition of the Rights to Build and Operate a 229 MW Solar Plant
August 2023
BOYANOV & Co. advised Rezolv Energy on the acquisition of the rights to build and operate a 229 MW solar plant in Silistra Municipality, northeastern Bulgaria. Rezolv Energy is an independent renewable energy producer focused on Central and Southeastern Europe which was launched last year by Actis, a leading global investor in sustainable infrastructure.
Named ‘St. George,’ the project is set to become the largest solar plant in Bulgaria, with construction beginning later this year and completion expected in early 2025. The St. George plant will be constructed on the site…
Romania’s Transgaz Begins Works at EUR 500 Million BRUA-Black Sea Pipeline
June 2023
Romania's natural gas transport system operator Transgaz signed with a Turkish construction company the works commencement order for the execution of the Tuzla-Podisor gas pipeline, a EUR 500 million project aimed to bring natural gas from offshore Black Sea perimeters to the BRUA corridor.
The works commencement order comes three months after Transgaz signed on March 16 the capacity booking contract with OMV Petrom and Romgaz for the entry/exit point of Tuzla, where the natural gas from the Black Sea (Neptun Deep) will enter the national transport system - NTS.
Background information:…
Investment of Croatian Electricity Company (HEP) – SE Korlat
June 2023
By 2030, HEP intends to increase the share of renewable sources in the production portfolio by 50 per cent and to increase the annual production from renewable sources from the current six to nine billion kWh. At the moment, HEP has more than 60 renewable energy projects in various stages of development, with a total capacity of around 1,400 MW and an estimated investment value of almost 1.5 billion euros. SE Korlat stands out among them, with 75 MW of connected and 99 MW of installed capacity and an estimated investment value of around 80 million euros, which will be built right next…
Investments in Green Energy
June 2023
Croatian privately held investment group Energia Naturalis (ENNA) has started preparations for an initial public offering (IPO) and plans to put more than EUR 1.0 billion (USD 1.07 billion) into green projects in Croatia.
Kyriakides Georgopoulos Law Firm Аdvised Blue Grid Gas & Power
June 2023
Kyriakides Georgopoulos Law Firm advised Blue Grid Gas & Power on the acquisition through its affiliate entity, Bluefuel, being a member of Molgas Energy Holding, of a biogas production unit "Biomesti" with an installed capacity of 999 kW (for which a capacity increase of 999 kW is planned, i.e. a total of 1,998 MW), based in Mesti, Evros.
KG supported Blue Grid Gas & Power in various aspects of the deal such as the performance of legal due diligence, provision of advice on deal structuring, corporate support on various aspects, and drafting and negotiation of the transaction…
Wind Farm Vlasic
June 2023
Vlasic is a mountain in central Bosnia and Herzegovina and a popular skiing resort. The mountain is windy and has excellent energy potential. Therefore, in 2015, Elektroprivreda BiH invested in a large construction project worth EUR 64.6 million. When completed, it will have installed net electric power of 48 MW and will generate 98 GWH of annual power. The construction should begin in 2024.
EUR 150 Million in Renewable Energy Incentives
June 2023
Slovenia's government plans to provide incentives worth EUR 150 million (USD 164 million) to support the development of renewable energy capacity in the country. The government plans to launch a public call for investments in the production of electricity from renewable sources, power storage, and production of heat from renewable energy sources in September.
The incentives will back electricity production from hydropower plants, photovoltaic plants, and geothermal plants with an installed capacity of 1 MW or less than 6 MW if the production facility is fully owned by small and medium-sized…
Karamürsel Wind Power Plant Project
June 2023
Ortadoğu Energy (Ortadoğu Enerji Petrol Mühendislik İnşaat Sanayi ve Ticaret Ltd. Şti.) and Ruzen Energy (Ruzen Elektrik Üretim ve Tic. Ltd. Şti.) are developing a wind power plant project located between Kocaeli and Bursa. The expected project cost is USD 46.8 million. The project is currently fully owned by Ortadoğu Energy. Nordex will be the turbine supplier for the project, and it is expected to provide 12 units of N100 turbines, each with a 2.5 MW capacity.
The project is expected to get commissioned in 2023.
Alaşehir-2 Geothermal Power Plant Project
June 2023
Zorlu Geothermal Energy (Zorlu Jeotermal Enerji Elektrik Üretimi A.Ş.), a Zorlu Energy (one of the biggest players in Turkey’s energy sector) company that operates the 45 MW Alaşehir Geothermal Power Plant in Manisa's Alaşehir district, is preparing to build another geothermal power plant (GPP). Zorlu Geothermal Energy will build and operate the Alkan-II GPP with an installed capacity of 10 MW in Alaşehir, Manisa. The power plant will meet the annual electricity needs of 20,000 people. The project value is estimated around TRY 481 million (EUR 19.4 million).
The power plant is…
Kyriakides Georgopoulos Law Firm Advised Simply Blue Group
June 2023
Kyriakides Georgopoulos Law Firm's Energy team acted as legal advisor to the Simply Blue Group on its latest collaboration with Archirodon for the launch of “Arcoblue” a partnership aiming to explore the Greek offshore wind market.
This new strategic partnership marks Simply Blue Group’s entry into the Greek market as well as another significant milestone in Simply Blue Group’s commitment to sustainable solutions, particularly in the realm of offshore wind development opportunities in Greece.
Our team members Efi Palaiologou (Senior Associate) and Iakovos Koulouris (Associate)…
New Nuclear Unit at the Site of the Existing Kozloduy NPP Using US Technology Update
On 23 October 2020, Bulgaria and the USA signed a Memorandum of Understanding between the two countries' governments on strategic cooperation in civil nuclear power.
