AB Investment Group Secures Licensing for Albena Solar Project

Deal News | Aug 15, 2025 | CEE Legal Matters

CMS provided legal guidance to AB Investment Group in securing the necessary licenses from the Bulgarian Energy and Water Regulatory Commission for their 27-megawatt photovoltaic (PV) and 24-megawatt-hour battery energy storage system (BESS) project, known as the Albena Solar Project. This project marks a significant advancement for renewable energy in Bulgaria. AB Investment Group, backed by leading Bulgarian industrial entities, achieved regulatory approval on August 13, 2025, with the project anticipated to begin commercial operation in February 2026. The CMS team advising on the project was led by Managing Partner Kostadin Sirleshtov and included several partners and associates with expertise in energy regulatory matters.

Sectors

Renewable Energy
Legal Advisory

Geography

Bulgaria – The article is centered around a solar project within Bulgaria and its regulatory process with the Bulgarian Energy and Water Regulatory Commission.

Industry

Renewable Energy – The article revolves around the licensing for a new solar photovoltaic and battery energy storage project, key components of the renewable energy sector.
Legal Advisory – CMS is a law firm that provided regulatory legal services to AB Investment Group, highlighting the legal advisory industry.

Financials

Participants

Name	Role	Type	Description
AB Investment Group	Target	Company	A company controlled by leading Bulgarian industrial groups, involved in renewable energy projects.
CMS	Legal Advisor	Company	An international law firm advising on the regulatory licensing processes for the project.
Kostadin Sirleshtov	Managing Partner	Person	Managing Partner at CMS leading the legal advisory team for AB Investment's project.
Bulgarian Energy and Water Regulatory Commission	Regulator	Government	The regulatory body responsible for issuing the necessary licenses for energy projects in Bulgaria.