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CMS advises Acciona Energia on expansion of solar projects portfolio in Ukraine

7 June 2019

CMS Cameron McKenna Nabarro Olswang in Kyiv has advised Acciona Energia (Acciona) on all aspects of its joint venture projects with UDP Renewables (UDPR), a leading Ukrainian investment and development company for the renewable energy sector. As part of the projects, Acciona and UPDR will construct two new solar power plants, Gudzovka-Solar and Arcyz-Solar, in the Odesa region of Ukraine, with an aggregate peak capacity of ca. 44MW.

Acciona is a global investor and operator of renewable energy projects and the biggest in the world in terms of clean energies not linked to conventional electric power generation companies.

The CMS team advising Acciona was led by Energy Partner Vitaliy Radchenko, and Corporate/M&A Partner Tetyana Dovgan, with key support from Graham Conlon, Vitalii Mainarovych, Mariana Saienko, Diana Pysarenko, Olga Belyakova, Nataliya Nakonechna and Mykola Heletiy.

Vitaliy Radchenko commented: “We are very proud to have helped our key client Acciona on yet another two projects in Ukraine. It is a pleasure to see this impactful strategic investor and global industry leader expanding its operations in Ukraine”