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Schoenherr Advises Enery on Virtual Power Purchase Agreement with Nokian Tyres

Romania
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Schoenherr has advised Enery on signing an 11-year virtual power purchase agreement with Nokian Tyres for the supply of zero CO2 emission energy to Nokian Tyres' new passenger car tire factory in Oradea, Romania.

Enery is an independent renewable energy provider dedicated to supplying customers with reliable, affordable, long-term green energy. The company currently generates almost 700 gigawatt/hours of clean electricity from 490 megawatts of capacity and is involved in development projects totaling more than 8 gigawatts in 11 countries. According to Schoenherr, the long-term contract will enable Enery to build a new solar power plant in Southern Romania, further supporting Europe's green transition.

Nokian Tyres develops and manufactures premium tires for passenger cars, trucks, and heavy machinery. The company employs 3,400 people and is listed on Nasdaq Helsinki.

Earlier in 2024, Schoenherr advised Enery on a ten-year renewable energy VPPA with Dreher Breweries (as reported by CEE Legal Matters on February 20, 2024).

The Schoenherr team included Partner Monica Cojocaru, Managing Attorney at Law Vlad Cordea, and Attorney at Law Cristina Olariu.

Romanian Knowledge Partner

Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

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