Following the criticism of the current state of regulatory burden in The Future of European Competitiveness report by Mario Draghi (issued in September 2024) and in the Budapest Declaration by the European Council which called upon European Commission to reduce reporting requirements by at least 25 % in the first half of 2025 (issued in November 2024) the European Commission announced a series of so-called “Omnibus” simplification packages.

Norton Rose Fulbright has advised PKO Bank Polski on the financing of a 54-megawatt-peak portfolio of photovoltaic projects being developed by PVE Group.

Greenberg Traurig has advised GoldenPeaks Capital Holding on the senior and junior financing for the construction of its solar photovoltaic portfolio in Poland. CMS reportedly advised the lenders. Clyde & Co reportedly advised GoldenPeaks as well. Fieldfisher and Wardynski & Partners reportedly advised junior lender Berenberg.

Walless has advised Saare Wind Energy on securing the seabed use rights for an offshore wind farm project in Estonia. 

SRC Law Firm has advised Danish solar energy company Nordic Solar A/S on the refinancing of a portfolio of photovoltaic farms in Poland with a combined capacity of 16.85 megawatts.

Bulgaria’s energy sector has seen a wave of activity over the past year, spanning offshore oil and gas exploration, large-scale renewables, and battery storage projects, keeping CMS Sofia’s Energy, Projects, and Construction team at full speed, according to Partner Kostadin Sirleshtov. Backed by strong investor interest and a more stable regulatory environment, the sector’s upward trend looks set to continue into 2025.