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CMS Advises Chint/Astronergy on Renewable Energy Supply Agreement in Bulgaria

CMS Advises Chint/Astronergy on Renewable Energy Supply Agreement in Bulgaria

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CMS has advised Chint/Astronergy on a supply agreement for the supply of photovoltaic panels and high-voltage transformers for the renewable energy market in Bulgaria.

According to CMS, "the framework agreement was negotiated in Bulgaria and in China over the period between February – April 2024, with the initial orders of 170-megawatt panels and two transformers completed in May 2024. By securing this framework agreement Chint/Astronergy solidifies its leading position among the suppliers of solar equipment in Bulgaria. In addition to this, Chint/Astronergy is currently implementing a program for the construction of three new PV projects for 200 megawatts in addition to its 50-megawatt operational portfolio."

Earlier, CMS advised on Astronergy’s acquisition of two solar projects in Bulgaria (as reported by CEE Legal Matters on December 4, 2023).

The CMS team included Managing Partner Kostadin Sirleshtov, Counsel Borislava Piperkova, Senior Associate Elena Yotova–Yordanova, and Associate Diyan Georgiev.

CMS did not respond to our inquiry on the matter.

CMS at a Glance

CMS Sofia is a full-service law firm, the largest international law firm in Bulgaria and one of the largest providers of legal services in the local market as a whole. The breadth and depth of our practice means that our lawyers are specialised, with a level of specialisation that few of our competitors can match.

CMS Sofia is the Bulgarian branch of CMS, a top ten global legal and tax services provider with over 5000 lawyers in 43 countries and 78 offices across the world.

CMS entered the Bulgarian market as one of the first internationally active law firms in 2005 and is now among the most respected legal advisors in the country. We have 7 partners, 4 counsel and over 30 lawyers in our office in Sofia.

Our legal experts, who are rooted in Bulgaria’s local culture, can also draw on years of experience in foreign countries and are at home in several legal systems at once. We know the particularities of the local market just as well as the needs of our clients and combine both to achieve optimum solutions. Our lawyers are Bulgarian qualified and we also have English qualified experts – all of them regularly working on cross-border mandates.

In our work, we focus on M&A, Energy, Projects and Construction, Banking and Finance, Real Estate, Media, IP and IT law, Tax, Employment law, Competition, Procurement and any kind of Dispute resolution, including arbitration and mediation. What’s more, we also take care of the entire legal management of our clients’ projects.

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