On November 3, 2023, Cobalt announced that Ignitis Renewables' acquisition of a wind farm in Kelme, Lithuania, from E Energija (reported by CEE Legal Matters on July 4, 2023) had closed.

The world has seen a significant shift towards sustainable energy sources in recent years. One of the most promising and rapidly growing sectors in the renewable energy industry is offshore wind parks. These structures that use the power of wind over the open seas are quickly gaining popularity as part of the global effort to combat climate change. This article will explore the global trend of offshore wind parks and shed light on Montenegro's potential in this eco-friendly energy source with a special focus on fixed-bottom wind parks.

Clifford Chance Badea has advised Romanian oil and gas company OMV Petrom on the delisting of its global depository receipts from the London Stock Exchange.

CMS has advised Naftogaz Slovakia – the local subsidiary of the national gas company of Ukraine – on securing a natural gas trading license in Bulgaria.

Many might be surprised these days, but when Lithuania joined the EU in 2004, it was an electricity exporter, producing more energy than it consumed. The Ignalina Nuclear Power Plant was operational, and Lithuanian consumers were unaware of potential concerns over electricity prices.

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.