Schoenherr advises Renovatio on closing two renewable energy deals with OMV Petrom
The projects are operational and include two wind farms located in Eastern Romania, with a total installed capacity of 16 MW, and a micro-hydro power plant, with a capacity of 2 MW, in Northwestern Romania.
The estimated cumulative annual production of these assets is approximately 45 GWh.
The transaction was closed in October 2024, coinciding with the completion of the previously announced sale by Renovatio of 50 % of the shares of Electrocentrale Borzești, a company owning renewable energy projects with a capacity of approximately 1,000 MW. The wind projects will be developed, built and operated by OMV Petrom in partnership with Renovatio. The photovoltaic project is in production tests.
Schoenherr worked together with Mihaela Aliman Law Office as co-counsel in advising Renovatio in both these transactions.
"We are proud to have worked alongside Renovatio in advancing their commitment to sustainable energy with these transactions," said partner Monica Cojocaru, who led the Schoenherr team advising on the two deals. "By combining Renovatio and OMV Petrom's strengths, the recently completed partnership will accelerate Romania's energy transition."
