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CMS Advises DRI on Physical Power Purchase Agreements with OMV Petrom in Romania

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CMS has advised DRI on physical power purchase agreements with OMV Petrom for three separate solar projects.

DRI is the EU renewables arm of Ukraine’s DTEK.

According to CMS, under the agreements, OMV Petrom will off-take electricity generated by DRI’s Glodeni I, Glodeni II, and Vacaresti solar projects. Beginning in January 2026, OMV Petrom will purchase 62% of the output from Glodeni I and II, while 50% of the Vacaresti output will be purchased starting in January 2027. Combined, the three projects have 239 megawatts of installed capacity, producing an estimated 100 gigawatt-hours annually across an 8.5-year term.

The CMS team included Partner Varinia Radu, Counsel Ramona Dulamea, Senior Consultant Filip Radu, and Associate Ada Romanti.

CMS did not respond to our inquiry on the matter.

CMS at a Glance

CMS Sofia is a full-service law firm, the largest international law firm in Bulgaria and one of the largest providers of legal services in the local market as a whole. The breadth and depth of our practice means that our lawyers are specialised, with a level of specialisation that few of our competitors can match.

CMS Sofia is the Bulgarian branch of CMS, a top ten global legal and tax services provider with over 5000 lawyers in 43 countries and 78 offices across the world.

CMS entered the Bulgarian market as one of the first internationally active law firms in 2005 and is now among the most respected legal advisors in the country. We have 7 partners, 4 counsel and over 30 lawyers in our office in Sofia.

Our legal experts, who are rooted in Bulgaria’s local culture, can also draw on years of experience in foreign countries and are at home in several legal systems at once. We know the particularities of the local market just as well as the needs of our clients and combine both to achieve optimum solutions. Our lawyers are Bulgarian qualified and we also have English qualified experts – all of them regularly working on cross-border mandates.

In our work, we focus on M&A, Energy, Projects and Construction, Banking and Finance, Real Estate, Media, IP and IT law, Tax, Employment law, Competition, Procurement and any kind of Dispute resolution, including arbitration and mediation. What’s more, we also take care of the entire legal management of our clients’ projects.

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