CMS advises Alcemi on its entry into the Romanian market through the acquisitions of majority stakes in two BESS projects

CMS has advised Alcemi, a leading UK-based energy storage developer, on its entry into the Romanian market through the acquisitions of majority stakes in two early-stage battery energy storage system (BESS) projects: a 300 MW project in Medgidia, Constanța County, and a second 275 MW project in Șura Mare, Sibiu County. 

CMS advised Alcemi throughout both transactions, including on legal due diligence, transaction structuring, drafting and negotiation of the transaction documentation, as well as the signing and completion process.

Varinia Radu, Head of Energy and Climate Change at CMS Romania and Deputy Head of the CEE Energy Projects and Construction Practice, comments: “We are delighted to have advised Alcemi on its entry into the Romanian market for battery energy storage investments. BESS projects are becoming increasingly vital to Romania's energy mix, grid flexibility, and security of supply, and we are proud to support a client at the forefront of this transition. We look forward to continuing our collaboration with Alcemi.”

The CMS team advising Alcemi was led by Varinia Radu (Energy) and included Andrei Tercu (Tax), Elena Vlăsceanu and Raluca Diaconeasa (Energy), Cătălin Vasile (Corporate and M&A), and Alexandru Dumitrescu (Real Estate).