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CMS Advises UGT Renewables on Partnership with EPS

Serbia
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CMS, working with Norton Rose Fulbright, has advised UGT Renewables on a partnership agreement with Serbia's state-owned power utility Elektroprivreda Srbije and the Ministry of Mining and Energy for the development and construction of new solar power plants and battery storage facilities in Serbia. Akin Gump reportedly advised the Government of the Republic of Serbia.

UGT Renewables is a US-based solar energy and storage developer

According to CMS, "the project will have a total installed capacity exceeding 1 gigawatt and 200 megawatts/400 megawatt-hours of battery storage. Hyundai Engineering Co. Ltd will also be part of the consortium."

In 2022, CMS advised UGT Renewables on a joint solar energy project with Montenegro’s EPCG (as reported by CEE Legal Matters on November 22, 2022).

The CMS team included Managing Partner Radivoje Petrikic, Partner Ivan Gazdic, Senior Lawyer, Tamara Zejak, Senior Associates Marija Marosan, Teodora Vujosevic, and Milica Popovic, and Associate Jelena Djordjevic.

Editor's Note: After this article was published, Gecic Law announced that it had advised the Government of the Republic of Serbia, working alongside Akin Gump. The firm's team included Partners Ognjen Colic and Miodrag Jevtic, Counsel Milos Petakovic, and Senior Associate Zarko Popovic.

Gecic Law at a Glance

Committed to redefining a law firm's role in an emerging regional market, Gecić Law is a full-service law firm that advises international and local clients from the public and private sectors in navigating the complex legal landscape of the region across multiple practice areas. Members of the Gecić Law team have graduated from leading universities in the US and Europe. They have extensive local and international experience, with a particular focus on EU regulatory frameworks and international trade and a proven track record in providing innovative and practical solutions in the most complex of matters.

Gecić Law is an exclusive member of two leading global alliances, TerraLex and TAGLaw, extending its international footprint. The firm and its lawyers have continuously been recognized in several practice areas by elite global directories, including The Legal 500, Chambers and Partners and Benchmark Litigation. Gecić Law was named Law Firm of the Year: South Eastern Europe 2021 and Law Firm of the Year: Eastern Europe and the Balkans 2020 at The Lawyer European Awards and was repeatedly nominated in other practice areas.

For more details, please visit geciclaw.com.