Clifford Chance Badea advised Nofar Energy in the signing of an EPC and O&M contract for a 265 MW PV plant

The team of Clifford Chance lawyers including Lavinia Dinoci (Counsel), Diana Borcean and Nicolae Grasu (Senior Associates) from the Bucharest office, and Marcin Markowski (Counsel) and Kinga Grzelczak (Associate) from the Warsaw office advised Nofar throughout the entire process, including the negotiation and drafting of contractual documents.

The Nofar Energy project team included Favi Stelian (CEO Nofar Energy Romania), Roxana Gherghe (CFO), Alex Greenberg (Senior Legal Counsel), Elad Michaeli (VP Global Operations), and Sapir Naaman (Project Manager at Nofar Group).

This is the fourth EPC and O&M project that Clifford Chance Badea advised on for Nofar Energy, thus consolidating a larger collaboration related to renewable energy projects in Romania with a total installed capacity of over 650 MW, on matters including corporate M&A, Engineering, Procurement and Construction (EPC) and Operation and Management (O&M) contracts, as well as regulatory aspects.

Last August, Clifford Chance Badea advised Nofar Energy in the signing of the acquisition agreement for 100% shares inAviv Renewable Investment, the project company developing a 160 MW photovoltaic park in Giurgiu County.

Separately, a team coordinated by Partner Mădălina Rachieru-Postolache and Senior Associate Oana Ionașcu advised Nofar Energy, through its Romanian entities Solis Imperium and RTG Solar Energy, in the signing of a term loan facility agreement and a VAT facility agreement totaling EUR 122 million with the European Bank for Reconstruction and Development (EBRD) and Raiffeisen International, acting as lenders.