Global law firm Dentons has advised the Green Assets Division of MET Group (Swiss based) on the acquisition of a 80 MW photovoltaic project in Romania from Austrian solar power developer and operator Kraftfeld Energy. The project, located in Răscăeți, Dâmbovița County, was acquired at a ready-to-build stage with an engineering, procurement, and construction (EPC) contract already in place.

MET Green Assets Division’s renewable energy portfolio in Romania includes more than 260 MWp of photovoltaic power plants and 10 MW of co-located battery energy storage capacity.

Dentons provided comprehensive legal guidance throughout the entire project, including on the due diligence, structuring of the transaction, drafting and negotiation of the transfer documents, FDI clearance, as well as on the signing and closing. This also involved representation before Romanian authorities.

Additionally, Dentons advised during the negotiation and conclusion process of the EPC matters related to the development of the solar park in Romania, including performance security requirements and procurement procedures.

Partner and Head of the Energy practice in Romania, Claudiu Munteanu-Jipescu, led the team. The team included counsel Elena Vlasceanu, senior associates Angelica Pintilie and Carolina Baloleanu and associate Alin Dimache (all Energy); partner Bogdan Papandopol, senior associate Luiza Onofrei, associates Diana Ceparu and Geanina Anghel (all Real Estate); counsel Doru Postelnicu and senior associate Andreea Predescu (both Corporate); partner Raul Mihu and associate Iulia Titirisca (both Competition); counsel Maria Tomescu and associate Carmen Banica (both Banking and Finance); senior counsel Oana Voda (Public Procurement); counsel Argentina Rafail and senior associate Simona Radulescu (both Employment).

Claudiu Munteanu-Jipescu commented: "We are honored to have assisted the Green Assets Division of MET Group in the expansion of its renewable energy portfolio in Romania, a key pillar of its European growth strategy. This transaction highlights the continued interest in green energy investments and reinforces Romania’s position as a key market in the sector."

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.