CMS has advised electricity trader Danske Commodities on the licensing of its Bulgarian activities before the country's Energy and Water Regulatory Commission, including for the coordination of a standard and combined balancing group.
Danske Commodities is an international trader of electricity active in 40 countries. It was established in 2004 in Denmark. The company was acquired by Equinor in 2019, and now serves as its route-to-market for renewables.
"In addition to electricity trading, Danske Commodities is also licensed and has become the coordinator of a standard and combined balancing group in Bulgaria, which will allow for the significant broadening of its activities within the country," CMS reported.
The CMS team was led by Managing Partner Kostadin Sirleshtov and included Counsel Borislava Piperkova, Senior Associate Elena Yotova-Yordanova, Junior Associate Lubomira Tanchovska, and Trainees Boris Kirov and Nia Ivanova.