Nikan Agro Secures License for Blatska PV Project in Bulgaria
Deal News | Apr 24, 2025 | CEE Legal Matters
CMS has provided advisory services to Nikan Agro, a company under Germany's HP Holding, in navigating the licensing process for its 50-megawatt Blatska photovoltaic project, with the Bulgarian Energy and Water Regulatory Commission. The project, located in Hadzhidimovo Municipality, Bulgaria, received regulatory approval on April 16, 2025. The Blatska PV project is slated for its initial commercial operation in April 2027, aiming for full commissioning by April 2028. The CMS legal team involved in this advisory role consisted of Managing Partner Kostadin Sirleshtov, Partner Borislava Piperkova, as well as Senior Associates Elena Yotova-Yordanova and Diyan Georgiev, Associate Viktoriya Toneva, and Trainees Boris Kirov and Niya Ivanova.
Sectors
- Energy
- Legal Advisory
Geography
- Bulgaria – The Blatska photovoltaic project is located in Bulgaria, specific to the Hadzhidimovo Municipality.
- Germany – Nikan Agro is controlled by the Germany-based HP Holding.
Industry
- Energy – This sector is relevant as the article discusses the licensing of a photovoltaic energy project.
- Legal Advisory – CMS's advisory role in the licensing process categorizes this under Legal Advisory.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Nikan Agro | Target company | Company | A company engaging in the photovoltaic project located in Bulgaria. |
| HP Holding | Parent company | Company | Germany-based company that controls Nikan Agro. |
| CMS | Legal advisor | Company | CMS provided legal advisory services for the licensing of the photovoltaic project. |
| Bulgarian Energy and Water Regulatory Commission | Regulatory body | Government | The entity providing approval for the photovoltaic project. |