News

PNSA advised on the sale of Pecineaga 48MW onshore wind power project

13 October 2022

PNSA advised IROS BRAVE 21 on the sale of Pecineaga wind project to Eurowind Energy.

The Pecineaga wind farm is the first order from Siemens Gamesa for wind turbines in Romania since 2014.

Pecineaga wind farm is a 48MW onshore wind power project in Constanta County. The project is fully authorized for the start of construction works and is the first project in Romania for which a firm order for the purchase of wind turbines from Siemens Gamesa has been launched since 2014.

PNSA provided extensive legal assistance during the authorization stage and throughout the M&A process, from preliminary discussions, legal due diligence, transaction structuring, up to transaction documents, negotiations and assistance to signing and closing.

PNSA team advising on the deal consisted of colleagues from the M&A and Real Estate department, Partner Valentin Creața, along with Senior Associate Cristiana Blei and Associates Diana Enache and Alina Georgescu; and from the Energy & Natural Resources department, Partner Vlad Neacsu, along with Managing Associate Ioana Cazacu and Senior Associate Bianca Tarascu.

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Popovici Nițu Stoica & Asociații is a leading Romanian independent law firm and has been at the forefront of the market since its incorporation in 1995.

Popovici Nițu Stoica & Asociații groups today more than 70 lawyers and counsels, including 15 partners, largely acknowledged as top-notch commercial law experts, by clients and peers.