Adesman & Asociații announces the successful completion of a major transaction in the renewable energy sector, providing legal assistance to three developers in this field, known for their extensive portfolio of renewable energy projects nationwide, having, through their group of companies, a strong presence on the pharmaceutical market as well. This is one of the most important transactions in Romania in 2024.

The transaction involved the sale to Renalfa IPP to an important photovoltaic project located in Teleorman County, with an installed capacity of 258 MWac.In addition to photovoltaic capacity, the project includes the planned integration of battery energy storage assets (BESS) with a total capacity of 1,000 MWh, as part of future development phases.

This transaction marks an essential step in the client's ongoing efforts to accelerate the transition towards renewable energy in Romania. The project, one of the largest of its kind in the region, aligns with the client's strategic vision in the renewable energy sector, supports national objectives for energy diversification and decarbonisation, and contributes significantly to strengthening the country's renewable energy infrastructure.

Adesman & Asociatii provided full legal assistance throughout the entire process, ensuring full compliance of the transaction with applicable laws and regulations. The Adesman & Asociatii team, coordinated by Diana Adesman, Managing Partner, and Oana Șinca, Managing Associate played an essential role in the negotiation and drafting phase of all contractual documents, providing strategic advice to the client on structuring the transaction. Our experience in the renewable energy sector and deep understanding of the Romanian market were key factors in ensuring the swift completion of this complex transaction, reinforcing Adesman & Asociații's position in the Romanian renewable energy legal services market.

„We are grateful for the trust placed in us by our client in our involvement in a project of such scale and complexity. This transaction is not only a professional achievement, but also an important contribution to the development of a more sustainable future for Romania. Renewable energy is an essential pillar of the energy transition, and we We are proud to be part of this change meant to generate a lasting positive impact”, said Diana Adesman, Founding Partner of Adesman & Asociații.