BDK Advokati Advised Enlight Renewable Energy Ltd. and Enlight K-2 Wind on the Development and Financing of the Pupin Wind Farm
March 2024
BDK Advokati successfully advised Enlight Renewable Energy Ltd. and Enlight K-2 Wind on the development and financing of the 94.4MW Pupin Wind Farm, slated for construction in the municipality of Kovacica.
The Pupin Wind Farm emerged as one of the successful bidders in last year’s market premium auction and is the first one to secure project financing. Situated adjacent to the operational 104.5 MW Kovačica Wind Farm, also developed by Enlight Renewable Energy, these projects will collectively position Enlight Renewable Energy as one of the largest independent power producers in…
BOYANOV & Co. Continues its Series of Advising on the Construction of Large Photovoltaic Power Plants in Bulgaria
March 2024
BOYANOV & Co. advised a syndicate of UniCredit Bulbank, United Bulgarian Bank, Eurobank Bulgaria, and Raiffeisen Bank International on the financing of the construction and operation of a 160 MW photovoltaic power plant in Bulgaria (in the Maglizh Municipality).
The PV park is developed by Belozem Solar Park 2 OOD, which S Solar and Syzygy own. The minority shareholder in S Solar is Starcom – one of the main shareholders in Eurohold Bulgaria. Eurohold Bulgaria is one of the largest listed companies in Bulgaria and controls Electrohold Bulgaria – a holding company of the…
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…
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…
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)…
KG Advised a Korkia-funded Partnership
December 2022
KG Law Firm’s Energy and Infrastructure team advised a Korkia-funded partnership on the acquisition and development of a pipeline of photovoltaic projects in the mainland of Greece and in Crete, with a targeted total capacity exceeding 1 GW. Korkia’s partners in the development of the photovoltaic projects are the local developers GH Energy and AA Sunshine. This transaction marks Korkia’s entry into the Greek Renewables Market.
KG supported Korkia in various aspects of the deal which was completed in September 2022, such as the performance of due diligence, provision of advice…
KG Law Firm advised Ashtrom Renewables Energy
October 2022
KYRIAKIDES GEORGOPOULOS Law Firm’s Energy Infrastructure team advised Ashtrom Renewables Energy on a transaction that marks the Company’s entry into the Greek Renewables Market through the acquisition and development of a photovoltaic projects pipeline of a total capacity of 541 MW, a part of which is at a late development stage.
The Energy team’s involvement was continuous from the performance of the due diligence process up to the closing of the transaction beginning of October.
The team was led by Gus J. Papamichalopoulos (Senior Partner), and included Efi Palaiologou…
Possible Regional Connections of the Energy Exchange
August 2022
The Slovenian energy exchange BSP Southpool is considering connecting with foreign energy exchanges and creating a regional exchange.
It has been reported that serious negotiations are underway to connect with the Serbian SEEPEX energy exchange.
BSP has 33 members – Slovenian and foreign companies engaged in the sale of electricity.
The energy exchange allows members to trade day-ahead and intraday, on clearing and long-term auctions. It issues the Slovenian Electric Stock Exchange Index (SIPX), which reports the hourly index of electricity on the electricity exchange market in…
NNDKP Assists ExxonMobil with Closing the Sale of Its Participation in Neptun Deep Offshore Project to Romgaz
August 2022
Nestor Nestor Diculescu Kingston Petersen (NNDKP) assisted ExxonMobil, one of the world’s largest publicly traded international oil and gas companies, with finalizing the last steps in selling to Romgaz its 50% participation in the Neptun Deep offshore block in the Black Sea. With the sale being materialized, this is one of most important M&A transactions in the energy sector ever rolled out on the local market that reshaped the oil & gas industry in Romania.
NNDKP advised ExxonMobil in all stages of the transaction, covering the full range of legal aspects entailed by the…
HRADF to Launch an International Tender
May 2022
HRADF will launch an international tender to sell a 49% equity stake in Hellenic Electricity Distribution Network Operator (DEDDIE) by the end of the year. PPC will be the seller and the tender will envisage strong rights for the minority shareholder, while all legal-accounting preparations will be implemented by the time the tender will be launched, George Stassis, chairman and CEO of PPC said, predicting strong investment interest for the distribution grid.
LNG Terminal on the Island of Krk
May 2022
The aim of the project is to increase the security of supply and ensure sufficient quantities of natural gas for the needs of the Republic of Croatia and the countries of the region. The project involves the construction of an LNG terminal with an area of 35 ha, with a capacity of 15 billion cubic meters of natural gas, and the possibility of accepting the largest LNG ships, with draft depths up to 18 m.
Real estate status: Dina-Petrokemija d. D. In bankruptcy, maritime domain
Implementation model: open negotiation opportunities.
Wind Farm „Derala 87 MW“
April 2022
There are two potential scenarios for the realisation of this project, one that includes the installation of 29 Vestas turbines with a total cost of EUR 109 million and the other that includes the installation of 29 China turbines with a total cost of EUR 78.9 million. The preliminary choice of turbines, as it now stands, is Vestas V 112, 3.0 MW, 119 mph with 87 MW of installed electric power.
The total investment will depend based on the set of turbines used and it will amount to EUR 109 million for the Vestas or EUR 78.9 million for the China turbines.
Thus far, this project has…