Clifford Chance

Clifford Chance Badea advised MORE in the 86-MW deal marking its entry on the Romanian renewable market

Clifford Chance Badea, the Bucharest office of global law firm Clifford Chance, is advising Greek-based Motor Oil Renewable Energy Single Member S.A. (MORE), leader in the Eastern Mediterranean energy sector, in the 86-MW deal marking its entry on the Romanian renewable energy market.

MORE alongside Premier Energy Group, through Alive Renewable Holding Limited, has acquired its first two new photovoltaic projects in Buzau County, with a total installed capacity of 86 MW and an additional 18-MWh energy storage capacity. The projects also contemplate the development of battery storage.

The acquisition is subject to customary competition clearance and FDI approvals.

Advising MORE in its first transaction on the local market, Clifford Chance Badea lawyers assisted the client in structuring and negotiating the related transaction documents, both in what concerns project acquisition, as well as the structuring of MORE partnership with Premier Energy in Romania.

Clifford Chance Badea clients in the energy sector benefit from the entire experience and know-how of the Clifford Chance offices in countries that are more advanced in the development of renewable energy projects. The local team advises developers, infrastructure funds, utility companies and banks throughout the entire project development cycle of a renewable energy project – sell side or buy side M&A, signing of EPC and O&M contracts, Power Purchase Agreements (PPAs), development contracts, regulatory matters including project amendments, or litigation.