Geosolar Kamenyak Advances with Licensing for 75MW Photovoltaic Project
Deal News | Apr 15, 2025 | CEE Legal Matters
CMS has successfully advised Geosolar Kamenyak on acquiring the necessary licensing for its significant 75-megawatt photovoltaic (PV) project, the Kamenyak project. This licensing was finalized early in April 2025 by the Bulgarian Energy and Water Regulatory Commission. The Kamenyak project, located in the Shumen Municipality, has seen considerable progress in its construction phase. Scheduled for its first stage of completion by June 2025 and the second by September 2025, the project's completion will mark a significant milestone in Bulgaria's renewable energy landscape. CMS' advisory team for this project was led by Managing Partner Kostadin Sirleshtov and included several other experts in the legal field.
Sectors
- Renewable Energy
- Legal Advisory
Geography
- Bulgaria – The Kamenyak photovoltaic project is taking place in Bulgaria, and the licensing involved the Bulgarian Energy and Water Regulatory Commission.
Industry
- Renewable Energy – The article revolves around the development and licensing of a photovoltaic project, which is directly related to renewable energy.
- Legal Advisory – CMS provided legal services for securing licensing for a renewable energy project, showcasing the role of legal advisory in energy infrastructure projects.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Geosolar Kamenyak | Target | Company | The company responsible for the Kamenyak photovoltaic project. |
| CMS | Legal Advisor | Company | CMS provided legal advisory services for the licensing of the Kamenyak PV project. |
| Bulgarian Energy and Water Regulatory Commission | Regulatory Authority | Government | The Bulgarian regulatory body responsible for energy and water licensing. |
| Kostadin Sirleshtov | Managing Partner | Person | Part of the CMS team advising on the project. |
| Borislava Piperkova | Partner | Person | Involved in the CMS advisory team for the project. |
| Elena Yotova-Yordanova | Senior Associate | Person | Part of the CMS advisory team. |
| Viktoriya Toneva | Associate | Person | Associated with the CMS team for the project. |
| Boris Kirov | Trainee | Person | Part of the CMS team for the project. |
| Niya Ivanova | Trainee | Person | Involved in the CMS advisory team. |