CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
In the past, banks have predominantly relied on financial metrics to guide their funding strategies. However, with the prominence and importance of ESG (Environmental, Social and Governance) principles, a paradigm shift is underway. Sustainability metrics are gaining prominence in the decision-making process for financing companies or projects.
CMS has advised Enka on its EUR 8.4 million acquisition of a 40-megawatt photovoltaic project through the acquisition of the Town Up 8 company. Savova & Co reportedly advised the sellers.
Clifford Chance has advised PAD RES on its sale of the Genowefa photovoltaic farm to Grupa Enea. DZP Domanski Zakrzewski Palinka advised Enea.
PRK Partners has advised RWE on the sale of its subsidiary RWE Gas Storage CZ to the CEPS state-owned electric power transmission system operator. EY Law reportedly advised CEPS.
At the end of September, the long-awaited Regulation (EU) 2023/1804) on the deployment of alternative fuel infrastructure, and repealing Directive 2014/94/EU (“AFIR”) was published in the Official Journal of the European Union. Though the entry into force of AFIR is 13 April 2024, it is worth reviewing the key takeaways that the AFIR introduces as part of the EU’s Fit for 55 package.
E+H has advised Burgenland Energie on its acquisition of a 25% stake in the Solah Group.
Linklaters has advised a group of commercial lenders, export credit agencies, and multilateral financial institutions on the development and USD 5.2 billion non-recourse green financing for the Baltic Power offshore wind farm. Hogan Lovells advised the borrowers. SSW Pragmatic Solutions advised Baltic Power.
