A new draft regulation was put to public consultation until 27 September 2024 that could bring significant changes to the operation of district heating systems in Hungary. The aim of the regulation is to increase the use of renewable energy sources such as geothermal and biomass in district heating, thus reducing dependence on natural gas and costs.
Rymarz Zdort Maruta, CMS, and Ellex Advise on EWE's Sale of EWE Polska to Eesti Gaas
Rymarz Zdort Maruta has advised EWE on the sale of EWE Polska and its group companies EWE Przesyl and EWE Energia to Eesti Gaas for a total value of EUR 120 million. CMS and Ellex advised Eesti Gaas.
Serbia’s Renewable Energy Sector
Serbia’s renewable energy market is in the midst of transformation, driven by domestic reforms and international partnerships – most recently, with the governments of France and the USA in the field of energy efficiency.
Deal Expanded: Aratiden – The Largest Renewable ESG Project in Bulgaria to Date
On June 3, 2023, CEE Legal Matters reported that CMS helped Global Biomet obtain a license for a photovoltaic plant in its portfolio – the 100-megawatt AC capacity Aratiden project – before the Bulgarian State Energy and Water Regulatory Commission. With it now successfully completed, CMS Sofia Partner Kostadin Sirleshtov reflects on the project.
The Debrief: November, 2024
In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and keep our readers apprised of the latest developments impacting their respective practice areas.
Schoenherr and Clyde & Co Advise on Electrum Concreo's PLN 400 Million Financing
Schoenherr has advised Electrum Concreo on up to PLN 400 million financing via bilateral multi-product lines and a refinancing facility from PKO Bank Polski, mBank, Bank Gospodarstwa Krajowego, Credit Agricole Bank Polska, and Santander Bank Polska. Clyde & Co advised the banks.
CMS and KPMG Law Advises on Funding Round for Nobilegroup
CMS has advised 6 Degrees Capital and other investors on the EUR 5 million funding round for Nobilegroup. KPMG Law advised Nobilegroup.