The Bulgarian energy regulator has proposed changes to the Grid Connection Ordinance No. 6, adopted earlier this year, which aim to provide flexibility in the application process, support for wind projects, and further regulation of battery energy storage systems (BESS).

Integrites, working with Hughes Hubbard & Reed, has successfully represented Ukrenergo in an investment treaty arbitration against Russia.

Clifford Chance has advised Nofar Energy via its Romanian entities Solis Imperium and RTG Solar Energy on a EUR 122 million term loan facility agreement and VAT facility agreement with the EBRD and Raiffeisen International.

Cobalt, working with Watson Farley & Williams, has advised NORD/LB and Swedbank on the EUR 87 million financing for Aidu Wind Park’s development of 67.5 megawatts of the 75-megawatt Aidu wind farm in Estonia.

CMS has advised TurboVolt on its sale to Eleport. Ellex advised Eleport and, reportedly, Schoenherr advised Eleport on Austrian, Croatian, and Slovenian law.

Cobalt has advised the Warsaw Equity Group on its investment in UP Catalyst in a EUR 2.36 million round that also saw the participation of SmartCap.