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Musat & Asociatii Advises Naxxar Renewable Energy on Sale of Naxxar Wind Farm Four to Polenergia

Romania
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Musat & Asociatii has advised Naxxar Renewable Energy on the sale of the remaining 40% stake in Naxxar Wind Farm Four SRL to Polenergia.

Polenergia describes itself as the largest private energy group in the Polish market.

According to Musat & Asociatii, "Polenergia has thus exercised its option to buy the remaining shares in NX4, provided for in the conditional agreement signed about a year ago, when it acquired 60% of the company, thus becoming the sole shareholder of NX4." (as reported by CEE Legal Matters on October 16, 2023)

Moreover, the firm reports that "currently, Naxxar through NX4 is developing in Romania one of the largest onshore wind farm projects in the region, with an estimated capacity of approximately 685.6 megawatts, located in Tulcea County. 

The Musat & Asociatii team included Partners Andrei Ormenean and Iuliana Iacob, Managing Associate Cristian Cepesi, and Senior Associates Daphne-Sirin Stan and Cristina Solcan.

Musat & Asociatii did not respond to our inquiry on the matter.

Musat & Asociatii at a Glance

We turn our knowledge into value for your business

30 years of extensive expertise in the challenging Romanian market

Muşat & Asociaţii’s name stands for the highest level of expertise and commitment in assisting clients in business matters. For 30 years, Muşat & Asociaţii has provided legal advice for the most dynamic national and multinational private companies across various industries, as well as for state owned companies and the Romanian authorities.

Our diverse practice allows us to work for many major US and EU corporations investing or doing business in Romania, most of which are listed in the Fortune 500.

The firm has been at the forefront of the country’s legal and business development, anticipating the evolving needs of its clients and it has also been involved in the largest transactions on the local market.

We pride ourselves on our impressive portfolio of mandates, always setting legal precedents and breaking new ground.

Today, this unmatched experience in all areas of business law is put to the service of our clients. We focus on constantly developing value-added, tailor-made legal services, aimed at enabling our clients’ business progress in a legally sound environment.

Firm's website: www.musat.ro/