VP has assisted Econergy in the acquisition of a ready to build photovoltaic project from PNE Romania. The project is located in Oradea and has an approved capacity of 81.1MW.
“We are happy to have assisted once again Econergy in their endeavors to build a robust portfolio of renewable energy projects in Romania. Our assistance extended from the due diligence phase to the transaction documents negotiation and transaction completion and continues for the project’s implementation. We are happy to see the renewable energy market rapidly extending and the shift between the development phase and the construction phase which has started for a significant number of projects. We hope to see more and more operational projects in the near future in order to strengthen the Romanian energetic system”, said Loredana Vlăsceanu, Partner at Vlăsceanu  & Partners.
The team involved in the project on behalf of Vlasceanu & Partners was led by Loredana Vlasceanu, Partner, and included, among others, Raluca Spanu, Partner and Mihaela Farin, Senior Associate.
Vlăsceanu & Partners is a boutique law firm offering a full range of legal services. Our team is led by highly experienced partners who have been involved in some of the largest projects and transactions in Romania. As regards energy sector, our team has an impressive portfolio of projects in all areas relevant to this sector (conventional and renewable electricity, oil and gas), having assisted the most important stakeholders of the Romanian market (producers, grid operators, traders, developers, financing banks, service suppliers). Renewables are one of the spearheads of our practice, our team having been intensively involved in the development, acquisition, construction and operation of some of the most important projects conducted in Romania(wind, solar, geothermal, biomass, biofuels).