Digest of recent legislative developments in the fields of energy and natural resources.
A&O Shearman, Tsvetkova Bebov & Partners, and Boyanov & Co Advise on Energo-Pro’s EUR 700 Million Green Eurobond Issuance
Allen Overy Shearman Sterling has advised Citigroup Global Markets Europe, Goldman Sachs Bank Europe, and J.P. Morgan as joint bookrunners and joint lead managers, as well as The Law Debenture Trust Corporation as trustee, on the EUR 700 million issuance of 8% senior guaranteed green notes by Energo-Pro. Tsvetkova Bebov & Partners, member of Eversheds Sutherland, advised the issuer. BLC Law Office and White & Case and its Turkish affiliate law firm GKC Partners reportedly advised the issuer and guarantors. Boyanov & Co and, reportedly, BGI Advisory Services advised the joint bookrunners, the joint lead managers, and the trustee as well.
Dentons and Norton Rose Fulbright Advise on Qair Polska's EUR 135 Million Project Financing with Brookfield
Dentons has advised Qair Polska on securing up to PLN 575 million (EUR 135 million) in financing from Brookfield for the acquisition of the Rzepin and Linowo wind farms with a combined capacity of 106 megawatts, the refinancing of existing mezzanine debt, and the further development of wind, solar, and storage projects in Poland. Norton Rose Fulbright advised Brookfield.
LCF Law Group Successful for Inzhur Energy in Power Plant Construction Case
LCF Law Group has successfully represented Inzhur Energy in overturning a court-imposed ban on the construction of a distributed generation power plant near Kyiv.
NNDKP Defends OMV Petrom’s Neptun Deep Project Against Greenpeace Challenge
Nestor Nestor Diculescu Kingston Petersen has successfully represented OMV Petrom in a case confirming the legality of permitting procedures for the Neptun Deep project in Romania.
The Omnibus Package
Following the criticism of the current state of regulatory burden in The Future of European Competitiveness report by Mario Draghi (issued in September 2024) and in the Budapest Declaration by the European Council which called upon European Commission to reduce reporting requirements by at least 25 % in the first half of 2025 (issued in November 2024) the European Commission announced a series of so-called “Omnibus” simplification packages.
Norton Rose Fulbright Advises PKO Bank Polski on Financing PVE Group’s Project Portfolio in Poland
Norton Rose Fulbright has advised PKO Bank Polski on the financing of a 54-megawatt-peak portfolio of photovoltaic projects being developed by PVE Group.