Nikan Agro Secures Licensing for Blatska PV Project

Deal News | Apr 24, 2025 | CEE Legal Matters

CMS, a leading law firm, has successfully advised Nikan Agro on securing a license for their 50-megawatt solar project, Blatska, from the Bulgarian Energy and Water Regulatory Commission. Nikan Agro, owned by Germany's HP Holding, completed the regulatory approval on April 16, 2025. The project will enter its initial commercial operations in April 2027, with full commissioning expected by April 2028 in Hadzhidimovo Municipality. The advisory team from CMS was led by Managing Partner Kostadin Sirleshtov, working alongside Partner Borislava Piperkova, as well as their senior and junior associates.

Sectors

Renewable Energy
Legal Advisory

Geography

Bulgaria – The licensing and future commissioning of the Blatska photovoltaic project will occur in Hadzhidimovo Municipality, Bulgaria.
Germany – Nikan Agro is controlled by HP Holding, which is based in Germany, indicating involvement from a German entity in this Bulgarian project.

Industry

Renewable Energy – The article involves the licensing of a solar photovoltaic project, which is a component of the renewable energy industry focused on reducing carbon footprints and harnessing sustainable energy.
Legal Advisory – CMS, a law firm, provided legal advisory services for the regulatory licensing process, reflecting the industry's role in facilitating compliance and regulation in energy projects.

Financials

Participants

Name	Role	Type	Description
Nikan Agro	Project Owner	Company	Nikan Agro is responsible for the Blatska photovoltaic project and is controlled by HP Holding.
CMS	Legal Advisor	Company	A law firm advising Nikan Agro on the licensing process before the Bulgarian Energy and Water Regulatory Commission.
HP Holding	Parent Company	Company	The Germany-based company that controls Nikan Agro.
Bulgarian Energy and Water Regulatory Commission	Regulatory Body	Government	The commission responsible for granting regulatory approval for the Blatska project.