CMS has advised Chint/Astronergy on a supply agreement for the supply of photovoltaic panels and high-voltage transformers for the renewable energy market in Bulgaria.
According to CMS, "the framework agreement was negotiated in Bulgaria and in China over the period between February – April 2024, with the initial orders of 170-megawatt panels and two transformers completed in May 2024. By securing this framework agreement Chint/Astronergy solidifies its leading position among the suppliers of solar equipment in Bulgaria. In addition to this, Chint/Astronergy is currently implementing a program for the construction of three new PV projects for 200 megawatts in addition to its 50-megawatt operational portfolio."
Earlier, CMS advised on Astronergy’s acquisition of two solar projects in Bulgaria (as reported by CEE Legal Matters on December 4, 2023).
The CMS team included Managing Partner Kostadin Sirleshtov, Counsel Borislava Piperkova, Senior Associate Elena Yotova–Yordanova, and Associate Diyan Georgiev.
This deal was originally published on CEE Legal Matters in June 2024, and has been reproduced with their permission.
