Clifford Chance Badea advised Enel Green Power Romania in closing the acquisition of 63 MW photovoltaic park

Clifford Chance Badea advised Enel Green Power Romania with the implementation and closing of the acquisition of 63 MW photovoltaic park developed in Călugăreni, Giurgiu County, acquired from the Greek group Mytilineos.

Last week, Enel Green Power Romania, the business line of Enel group in Romania dedicated to the production of renewable energy, announced that it commissioned the Lumina Park, the largest photovoltaic park in its current portfolio. With an area of ​​88 hectares and a linear length of almost 2 km, the park has an installed capacity of 63 MW and will generate annually approximately 99 GWh.

The multi-jurisdictional team of Clifford Chance lawyers, coordinated by the Bucharest energy practice, led by partner Nadia Badea, advised Enel Green Power Romania from the first stage of the acquisition process, starting with the due diligence concerning corporate, real estate, permitting, regulatory matters, as well as on the transactional phase which involved Romanian and English law aspects, and the subsequent implementation and acquisition closing.

The main team consisted of Loredana Ralea, counsel, Andrei Caloian and Lavinia Dinoci – senior associates in the Bucharest office.

The complexity of the project required the involvement of a multidisciplinary team from Enel Green Power Romania, with professionals from the legal, finance and tax departments, as well as the management team.

The Enel team of in-house lawyers, coordinated by Alina Dumitrașcu, included Monica Paraschiv, Legal Manager of the Renewables Division, Adina Stoica and Sabrina Mironescu Ilea.