Premier Energy Group Acquires Development Power Solar Energy
Deal News | Feb 03, 2025 | CEE Legal Matters
Vlasceanu and Partners has provided legal counsel to Premier Energy's subsidiary, Alive Renewable Holding Limited, regarding its acquisition of Development Power Solar Energy. The strategic transaction aims at the development of a significant solar park and energy storage facility in Buzau County, Romania, with a projected capacity of 49-megawatts DC for the solar park and 16-megawatt-hours for the energy storage. Commercial operations are anticipated to commence in the latter half of 2025. The legal team from Vlasceanu and Partners consists of several key figures, including Partner Loredana Vlasceanu and Managing Associate Dan Oltean. Additionally, Senior Associates Laura Panait and Stefania-Gabriela David also contributed to the legal advice. Though inquiries were made, there was no response from Vlasceanu and Partners regarding further details of the transaction.
Sectors
- Renewable Energy
- Legal Services
Geography
- Romania – The solar park and energy storage facility will be developed in Buzau County, Romania.
Industry
- Renewable Energy – The transaction involves the development of a solar park and energy storage facilities, which are key components of the renewable energy sector.
- Legal Services – Vlasceanu and Partners, a law firm, provided legal advisory services for the acquisition.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Premier Energy Group | Acquirer | Company | Premier Energy Group's subsidiary, Alive Renewable Holding Limited, acquired Development Power Solar Energy. |
| Alive Renewable Holding Limited | Subsidiary | Company | A subsidiary of Premier Energy responsible for the acquisition. |
| Development Power Solar Energy | Target | Company | The company acquired by Premier Energy's subsidiary. |
| Vlasceanu and Partners | Legal Advisor | Company | The law firm advising Premier Energy's subsidiary on the acquisition. |
| Loredana Vlasceanu | Partner | Person | Partner at Vlasceanu and Partners involved in the transaction. |
| Dan Oltean | Managing Associate | Person | Managing Associate at Vlasceanu and Partners involved in the transaction. |
| Laura Panait | Senior Associate | Person | Senior Associate at Vlasceanu and Partners involved in the transaction. |
| Stefania-Gabriela David | Senior Associate | Person | Senior Associate at Vlasceanu and Partners involved in the transaction. |