Renalfa IPP Expands Renewable Portfolio with Romanian Solar Project Acquisition
Deal News | Jan 14, 2025 | CEE Legal Matters
Renalfa IPP has successfully acquired a 258 MW solar photovoltaic project in Teleorman, Romania. Nyerges & Partners provided legal counsel for the transaction, while Adesman & Asociatii represented the sellers, Mihnea Ioan Olariu, Vlad Tudorie, and Mihnea Mihalache. Renalfa IPP operates as a joint venture between Vienna-based Renalfa Solarpro Group and Rgreen Invest, a French infrastructure fund. They plan to integrate a 1000 MWh energy storage system into the project, enhancing its renewable energy capacity. Nyerges & Partners' legal team was led by Mihaela Nyerges and featured several associates, while Diana Adesman led the Adesman & Asociatii team.
Sectors
- Renewable Energy
- Legal Advisory
Geography
- Romania – The acquired solar project is located in Teleorman, Romania, making the country's regional energy market and regulations pertinent to the article.
- Austria – Renalfa IPP is based in Vienna, Austria, indicating its strategic business activities in the Central and Eastern European region.
Industry
- Renewable Energy – The acquisition of a solar photovoltaic project aligns with the renewable energy sector, which focuses on generating power from sustainable sources such as solar, wind, and hydro.
- Legal Advisory – The involvement of law firms Nyerges & Partners and Adesman & Asociatii in advising on the acquisition highlights the legal advisory industry.
Financials
- 258 megawatt – The capacity of the solar photovoltaic project acquired by Renalfa IPP.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Renalfa IPP | Acquiring Company | Companies | A Vienna-based developer and independent power producer formed as a joint venture between Renalfa Solarpro Group and Rgreen Invest. |
| Nyerges & Partners | Legal Advisor to Buyer | Companies | A law firm providing legal counsel to Renalfa IPP in the acquisition transaction. |
| Mihnea Ioan Olariu | Seller | People | One of the individual sellers of the solar project. |
| Vlad Tudorie | Seller | People | One of the individual sellers of the solar project. |
| Mihnea Mihalache | Seller | People | One of the individual sellers of the solar project. |
| Adesman & Asociatii | Legal Advisor to Sellers | Companies | A law firm providing legal counsel to the sellers in the transaction. |