CMS has advised CCE on the sale of Horia Solar Invest Two S.R.L., a special purpose vehicle developing a landmark 269.227 MW (AC)/ 293.260 MWp solar project spanning more than 349 hectares in Arad County (Horia 2), to Renalfa Solarpro Group.  CCE is an integrated developer and operator of Solar PV and Storage projects across Europe and Chile, with a pipeline of over 7.2 GW under development and a proven track record in delivering large-scale renewable projects.  Renalfa Solarpro Group is a major player in the renewable energy sector, with a strong presence in Central and Eastern Europe.  The CMS team provided comprehensive legal assistance with respect to the transaction, including structuring, negotiating, and executing a complex SPA. The transaction is due to complete in Q1 2026 subject to fulfillment of the necessary conditions precedent, and the parties undertook to continue collaborating until the project reaches the commercial operation stage, subject to fulfilling the agreed milestones.  Rodica Manea, CMS Corporate and M&A Partner at CMS Romania, commented: “We are delighted to have supported CCE in this landmark transaction, which highlights the ongoing investor interest for the sector, including for several hundred megawatts projects. At CMS, we routinely advise on strategic M&A transactions in the renewable energy sector, and we are well-positioned to advise clients on energy deals of this nature.

Nova Power & Gas, part of the E-INFRA Group, announced the commissioning and start of commercial operations of the largest battery energy storage system (BESS) in Romania. Located in Florești, Cluj County, it has an installed power of 200 MW and a storage capacity of 400 MWh. The project was financed by Banca Transilvania through an investment loan exceeding €75 million.  Țuca Zbârcea & Asociații provided legal assistance to Banca Transilvania in all stages of the credit facility, including due diligence on the project, drafting and signing of the facility agreement and related financing documents, as well as the fulfillment of the conditions precedent and the use of the credit facility.  The team of lawyers included Gabriela Anton, Partner (Banking & Finance), Cătălin Georgescu, Managing Associate (Banking & Finance), Paul Butuzar, Associate (Banking & Finance), Alexandra Pereș, Partner (Real Estate and Construction), Sorin Vlădescu, Partner (Energy), Răzvan Gheorghiu-Testa, Partner (Corporate/Commercial Law and Real Estate), Andreea Oprișan, Partner (Competition & Antitrust/FDI).  With this project, Romania doubles its total battery energy storage capacity at the time of commissioning.