CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
The Romanian energy sector has been a hot topic in recent years due to market developments as well as to the legal framework which continued to adapt to governmental policies and the market’s needs. 2024 was no exception to this trend, with several milestones reached, and 2025 is expected to bring further changes and evolutions on the market.
Romania is accelerating its transition to renewable energy, aiming to expand wind and solar power as key components of its energy mix. In 2024, several new regulations were introduced to incentivize private investment and streamline project approvals, fostering a more attractive environment for green energy development.
Sorainen has advised Eiffel Investment Group on a EUR 20 million debt financing provided by the Eiffel Energy Transition III fund to Envolve Capital.
Ellex has advised Nordic Solar on securing EUR 24.15 million in financing from Swedbank for the completion of its 80-megawatt photovoltaic park in the Svencionys district in Lithuania.
CMS has advised Nikan Agro on the licensing process before the Bulgarian Energy and Water Regulatory Commission for its 50-megawatt Blatska photovoltaic project.
White & Case Turkish affiliate law firm GKC Partners has advised Zorlu Enerji on the USD 100 million tap issuance of senior guaranteed sustainability-linked notes due 2030. Baker McKenzie and its Turkish affiliate law firm Esin Attorney Partnership reportedly advised on the transaction as well.
Schoenherr has advised Verbund Wind Power Romania on the acquisition of a 272-megawatt wind project from Monsson. Berechet Rusu Hirit reportedly advised Monsson.
