On December 6, 2024, Kinstellar announced that UEG's acquisition of the 250-megawatt Simeonovgrad-Polyanovo PV project (as reported by CEE Legal Matters on April 10, 2024) has now closed.
According to Kinstellar, "the Simeonovgrad-Polyanovo PV project, located in southern Bulgaria, has a forecasted capacity of 250 megawatts. The acquisition, which was finalized on November 15, 2024, marks a significant expansion for UEG, a Hong Kong-based producer of traditional and renewable energy."
As previously reported, Kinstellar has advised the United Energy Group on its acquisition of Green Profit – the company developing the 250-megawatt Simeonovgrad-Polyanovo photovoltaic project. Wolf Theiss advised Delcho Nikolaev Pehlivanov on the sale.
UEG is a Hong Kong-based producer of traditional and renewable energy.
Green Profit is the developer of the Simeonovgrad-Polyanovo photovoltaic project located in southern Bulgaria, with a forecasted capacity of 250 megawatts.
The Kinstellar team included Partners Nina Tsifudina, Antonia Mavrova, and Sava Savov, Counsels Atanas Mihaylov and Mladen Minev, and Senior Associates Simeon Vachev and Nikolay Gergov.
The Wolf Theiss team included Partners Richard Clegg and Radoslav Mikov and Senior Associate Staniella Todorova.
