CMS has advised Greece's Public Power Corporation on a cooperation framework agreement for the development and construction of almost 90 solar projects of up to 2,000 megawatts in Romania, Italy, Bulgaria, and Croatia. The deal is valued at up to EUR 2 billion and is expected to be implemented over the next three years.
According to CMS, "the 90 solar projects are owned by Mytilineos Energy & Metals in Romania (516 megawatts), Italy (503 megawatts), Bulgaria (500 megawatts), and Croatia (445 megawatts) and are at various stages of development. With this new agreement, the PPC Group will acquire RES projects in three new countries and expand its presence in Romania, while Mytilineos will undertake the development and construction of the projects, which will then be acquired by the PPC Group upon completion of their connection to the electricity grid."
The CMS team included Managing Partner Horea Popescu and Counsels Mircea Moraru and Veliko Savov.
This deal was originally published on CEE Legal Matters in April 2024, and has been reproduced with their permission.
