CMS has advised CCE on the agreement to sell its large-scale Romanian portfolio of solar PV parks totalling approximately 766MWp, together with its local platform, to Zephyrus Wing Energies Ltd (Zephyrus).
The portfolio comprises seven solar PV projects, including Horia 1, an operational PV power plant with a capacity of approximately 40MWp, and four co-located BESS projects of approximately 112MW / 390MWh.
The transaction is the latest chapter in CMS's relationship with CCE, following CMS's advice on the sale of the Horia 2 solar PV project, announced in January 2026.
CCE is a leading international renewable energy developer and operator. It specialises in large-scale solar PV projects and is expanding into battery storage and energy management solutions, with a growing portfolio across several European countries and Chile.
Zephyrus, part of Doral Group, is a leading Israeli renewable energy company listed on the Tel Aviv Stock Exchange. It has experience in initiating, developing, constructing, operating and managing renewable energy assets over the long term.
The CMS team provided comprehensive legal assistance on the vendor legal due diligence and the transaction, including structuring, negotiating and executing a complex share purchase agreement (SPA). The deal was signed on an accelerated timetable, reflecting the team's efficiency and close collaboration with the client. Completion is subject to customary regulatory approvals.
Rodica Manea, Corporate and M&A Partner at CMS Romania, commented: “We are delighted to have supported CCE on this strategically important transaction. Earlier this year, we advised CCE on the sale of the Horia 2 solar PV project, and it has been a privilege to work with them again on another successful exit. The deal required close coordination across several legal practice areas and shows how CMS combines sector knowledge with transactional expertise on complex portfolio transactions.”
The CMS team was coordinated by Rodica Manea, with support from Cătălin Vasile (Corporate). The wider team included Cristina Ciomoș-Pop, Octavian Teletin, and Oana Mina (Corporate); Ramona Dulamea, Elena Vlăsceanu, Mădălina Constantinescu and Raluca Diaconeasa (Energy); Alexandru Dumitrescu and Aura Georgiana Marina (Real Estate); Andrei Cristescu (Dispute Resolution); and Claudia Nagy (Foreign Direct Investment). Varinia Radu (Energy) also supported the team, drawing on her established relationship with CCE.
