Nyerges & Partners Advised Renalfa IPP on the Acquisition of a 258 MWac Solar Photovoltaic Project in Teleorman
Nyerges & Partners successfully assisted Renalfa IPP, a Vienna based developer and independent power producer established as a joint venture between Renalfa Solarpro Group GmbH and the French infrastructure fund manager RGREEN INVEST, on the acquisition of a 258 MWac solar photovoltaic project under development in Teleorman county. The project will be further expanded by integrating 1000MWh of battery energy storage system (BESS) assets.
The legal assistance covered all stages of the process, including comprehensive legal due diligence investigations, structuring the transaction, drafting and negotiating the transaction documents, providing advice on complex grid connection matters, obtaining FDI clearance, signing and closing activities. Nyerges & Partners continues to advise Renalfa IPP on all legal matters regarding project implementation.
The legal team was led by Mihaela Nyerges (Managing Partner) and included Monica Cune-Ghițescu (Managing Associate) and Paraschiv Sandu (Junior Associate) covering real estate matters, Mihaela Spiridon (Managing Associate) and Adina Tănăsoiu (Associate) covering construction permitting matters, Radu Dăncău (Junior Associate) covering energy permitting matters, and Larisa Nicolae (Senior Associate) covering corporate matters and FDI clearance.
“We are grateful to accompany Renalfa in implementing its ambitious investment plan and innovative vision for expansion in the Romanian market. Săceni project is not only a strategic milestone in this journey but a landmark project combining solar power generation with advanced energy storage systems, and we are honored to contribute to its success. Furthermore, this transaction emphasizes once again Nyerges & Partners' M&A capabilities in the energy sector. Our experience blends extensive M&A know-how with a deep understanding of the specificities and regulatory aspects of the energy sector, enabling us to proactively support our clients' investments”, stated Mihaela Nyerges, Managing Partner at Nyerges & Partners.
“Renalfa IPP received an outstanding support by the legal experts from Nyerges & Partners for the acquisition of the 258 MWac solar photovoltaic project under development in Teleorman county in Romania. We were very satisfied by the quality of the law office work, reaction time and overall management of the transaction. And we hope to continue our cooperation in the future”, Dr. Nikola Antonov, Renalfa IPP spokesperson said.
