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CMS has advised Astronergy on the acquisition of the Karlovo and Novi Pazar greenfield solar projects in Bulgaria, with a combined capacity of 120 megawatts. Schoenherr reportedly advised the sellers.
Astronergy is a producer of solar PV modules and transformers.
According to CMS, “the acquisition of the Karlovo and Novi Pazar projects marks another major milestone for Astronergy in Bulgaria, having 50 megawatts of operational PV plants under the feed-in tariff support scheme.”
The CMS team included Managing Partner Kostadin Sirleshtov, Counsels Borislava Piperkova and Veliko Savov, Senior Associates Alexander Rangelov and Vaska Solakova, Associate Diyan Georgiev, and Legal Trainees Lyubomira Tanchovska and Niya Ivanova.
This deal was originally published on CEE Legal Matters in December 2023, and has been reproduced with their permission.
