CMS has advised Aratiden on the development of a co-located battery storage project as well as on an EPC agreement with Optimal Energy Solutions JSC. Kirov and Bratuleva reportedly advised Optimal Energy Solutions JSC.
According to CMS, the project is a 40-megawatt/82.58 megawatt-hours facility paired with an existing 100-megawatt photovoltaic plant.
In 2024, CMS advised Global Biomet on EUR 50 million financing and two EPCs for the Aratiden PV project in Bulgaria (as reported by CEE Legal Matters on April 4, 2024). That financing came following the successful licensing of the project by the Utility Regulator of Bulgaria, on which CMS assisted Global Biomet last year (as reported by CEE Legal Matters on June 9, 2023). Back in 2021, CMS successfully represented Global Biomet in proceedings against the Ministry of Finance of the Republic of Bulgaria in a dispute related to the country's feed-in tariff (as reported by CEE Legal Matters on August 19, 2021) and, in 2020, helped the company settle a multi-million euro renewable energy dispute with the Sustainable Energy Development Fund (as reported by CEE Legal Matters on April 23, 2020).
The CMS team included Managing Partner Kostadin Sirleshtov, Partner Borislava Piperkova, Senior Associates Diyan Georgiev and Elena Yotova-Yordanova, and Trainee Boris Kirov.
