Global law firm Dentons has advised Electrica on the successful bid of its subsidiary, Crucea Power Park SRL (CPP), in the first round of the Contracts for Difference (CfD) auction as part of Romania’s state aid scheme for renewables.
CPP, which is developing the Crucea Est wind farm, is 60% owned by Electrica. It was designated among the winners in the inaugural round of the auction for its onshore wind power generation project, with an allocated installed capacity of 54.0 MW, at a price of €77.3250/MWh.
Dentons provided comprehensive legal guidance throughout the entire auction process. Partner and Head of the Energy department in Romania, Claudiu Munteanu-Jipescu, led the team, assisted by counsel Elena Vlasceanu and senior associate Angelica Pintilie.
Claudiu Munteanu-Jipescu commented: "We are honored to have assisted Electrica in this landmark and innovative project, pivotal not only for our client but also for advancing renewable energy in Romania. This success underscores our commitment to facilitating the energy transition and highlights our deep sectoral expertise in energy projects."
About Dentons
Across over 80 countries, Dentons helps you grow, protect, operate and finance your organization by providing uniquely global and deeply local legal solutions. Polycentric, purpose-driven and committed to inclusion, diversity, equity and sustainability, we focus on what matters most to you. www.dentons.com
For further information, please contact:
Cristina Cazan
Head of Marketing & Business Development, Dentons Romania
cristina.cazan@dentons.com
