CMS has advised Greenvolt Power Solar Poland on its acquisition of an 80-megawatt photovoltaic project – including a battery energy storage system capable of storing electricity up to 25 megawatts per four hours – from AES Global Power Holdings. Spasov & Bratanov, working with Bracewell, advised the seller.
Greenvolt Power is an international wind and solar developer.
AES Global Power Holdings is an American utility and power generation company.
According to CMS, the project "represents a transformative shift towards renewable energy in the region, specifically near the Bulgarian town of Galabovo. The Galabovo region, traditionally known for its reliance on coal power plants, is witnessing a paradigm shift towards cleaner energy solutions."
The CMS team included Managing Partner Kostadin Sirleshtov, Partner Atanas Bangachev, Counsel Borislava Piperkova, Senior Associate Vaska Solakova, and Associates Diyan Georgiev, Viktoriya Dimitrova, and Dian Boev.
The Spasov & Bratanov team included Partner Vassil Hadjov and Associate Vladimir Tashev.
The Bracewell team included London-based Partner Ronen Lazarovitch and Senior Associate Adam Waszkiewicz.
Editor's Note: This article was updated on April 17, 2024, to update team compositions.
This deal was originally published on CEE Legal Matters in April 2024, and has been reproduced with their permission.
