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PeliPartners and Schoenherr Advise on Portland Trust’s Sale of Romanian PV Project

PeliPartners and Schoenherr Advise on Portland Trust’s Sale of Romanian PV Project

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PeliPartners has advised Portland Trust on its sale of the Ratesti 153-megawatt photovoltaic development project to Econergy and Nofar Energy. Schoenherr advised Nofar Energy on the deal.

Financial details of the transaction were not disclosed.

According to PeliPartners, “the process is structured as a share deal transaction, and the closing is envisaged to occur by the end of October 2021.”

Nofar Energy is an international renewables company based in Israel, with projects in Israel, Spain, Italy, the United States, and now Romania. According to Schoenherr, Nofar Energy owns, develops, constructs, and operates photovoltaic systems, mainly in the dual segment (rooftop solar projects and floating solar projects), in addition to ground-mounted photovoltaic projects and battery storage.

Econergy is a UK-headquartered independent power producer that develops, owns, and operates utility-scale renewable energy projects.

The PeliPartners team consisted of Partner Carmen Peli, Senior Associate Madalina Fildan, and Associates Denisa Frincu and Adelina Iordache.

Schoenherr’s team included Local Partner Monica Cojocaru and Managing Attorney-at-Law Madalina Mitan.

Romanian Knowledge Partner

MPR Partners is an internationally recommended and repeatedly awarded Romanian law firm providing integrated legal, tax advisory and insolvency services in all areas of interest for businesses and public administration. 

MPR Partners covers all major Romanian regions as well as the Republic of Moldavia, either directly or through carefully selected and closely coordinated correspondent offices. In addition, the firm has the infrastructure required to coordinate advice in multiple countries through highly reputed international networks of specialists ensuring high end services. 

Firm’s clients (multinational corporations, sound Romanian companies, private investors, public authorities and State companies) recommend MPR Partners | Maravela, Popescu & Asociatii as “A reliable team providing a high standard of work.” (quote by Chambers and Partners), having consistently endorsed the outstanding quality of services provided, flexible approach, responsiveness as well as the friendly working climate. 

More client feedback and further information on MPR Partners can be found at www.mprpartners.com.

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