BDK Advokati Advises Alcazar Energy on the Acquisition of the Windfarm Project “Bijela” in Montenegro

October 2023 BDK Advokati advised Alcazar Energy, a sustainable infrastructure fund, on the acquisition of the 118 MW wind farm project “Bijela” in Montenegro. BDK team was led by Senior Partner Luka Popovic. Partner Milan Dakic provided construction-related advice. This is the first wind farm project for Alcazar Energy in the Western Balkans and we are happy that we had the opportunity to assist them in entering the market.

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…

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…

Plant for Production of Solar Panels and Solar Park

March 2023 Italian manufacturer of photovoltaic modules Exe Solar will build a plant for the production of solar panels in the city of Yambol. The investment is in the amount of EUR 6.5 million. It is planned that the plant will be operational by the end of 2023. The production capacity will initially be 350 MW and will subsequently be increased to 600 MW.

Plant for Manufacturing of Solar Panels

January 2023 German solar manufacturer AE Solar is planning to build a plant for manufacturing of solar panels in Kyustendil, Bulgaria. The investment under the project is in amount of BGN 20 million (approx. EUR 10.2 million). The construction of the plant is planned to start in 2023. The plant will have an annual production capacity of 1 GW.

Floating Solar Power Park at Ogosta Reservoir

January 2023 German company Profine Energy GmbH has declared its intention to invest more than EUR 1 billion in the project of a floating solar power park at Ogosta Reservoir, located in north-western Bulgaria.  The investment will include complete repair and restoration of the dam wall of the Ogosta Reservoir and the construction of a floating solar power park situated on 10 km2 of the water surface.

Crni Vrh Wind Farm

December 2022 This is a wind farm project with envisaged installed capacity of 150 MW in the mountainous area of Eastern Serbia. The project in permitting stage which is expected to be completed during 2023. The project is put up for sale. The cost of the construction of this 150 MW wind farm is exceeds EUR 200 million.

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…

Investment in Reactors 3 and 4 at Cernavoda has Received the Preliminary Approval

August 2022 Nuclearelectrica (SNN), controlled by the Ministry of Energy, decided the continuation of the project for the construction of units 3 and 4 of Cernavoda nuclear power plant and the transition to its second stage, consisting of preliminary works. The shareholders have also approved the initiation of procedures for awarding and concluding the contracts necessary to finalize the project, within the limit of EUR 185 million. Moreover, EnergoNuclear’s financing by its sole shareholder SNN with EUR 185 million, through a capital increase and/or a loan, was also approved.  

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…

Metinvest Group is Considering Building a New Plant in Bulgaria

July 2022 The Ukrainian mining and metallurgical group Metinvest (owner of the destroyed plant Azovstal) is considering building a new metallurgical plant in Bulgaria or Italy.