CMS has advised Scatec Solar ASA (Scatec Solar), a Norway-based solar power producer, on securing two solar projects in the Cherkassy region of Ukraine. The projects, with a capacity of 33 MW and 50 MW, will be the first step towards developing a larger portfolio of solar power plants in the country for Scatec Solar.
CMS team advised Scatec Solar on due diligence of these projects, as well as their subsequent acquisition, including transactional documents under English law.
Vitaliy Radchenko, partner and head of Energy and Projects practice in Ukraine, together with Natalia Kushniruk, senior associate and Real Estate practice coordinator, led this transaction with support from Ihor Pavliukov, Tetyana Dovgan, Vitalii Mainarovych, Diana Pysarenko, Khrystyna Korpan, Maryna Ilchuk, Volodymyr Kolvakh, Viktoriia Stavchuk and with further support from Graham Conlon and Valentina Santambrogio on English law aspects of the transaction.
Vitaliy Radchenko commented: “We are privileged to have advised on this deal, contributing to the further development of solar power infrastructure. Ukraine is actively working to innovate its energy sector and increase its renewable energy share. CMS has once again proved its expertise in the field of energy and M&A.”
