Wolf Theiss has advised Nokian Tyres on a virtual power purchase agreement with Enery. Schoenherr advised Enery.
Nokian Tyres develops and manufactures premium tires for passenger cars, trucks, and heavy machinery.
Enery is an independent renewable energy provider.
According to Wolf Theiss, the project involved the establishment of the “world’s first zero CO2 emission tire factory in Oradea, which is set to create over 500 new jobs.”
According to Schoenherr, "in addition to the energy supply, the 11-year PPA will also enable Enery to build a new solar power plant in Southern Romania, further supporting Europe's green transition.
The Wolf Theiss team included Partner Roxana Roman, Counsel Dana Toma, Senior Associate Vladimir Plugarescu, and Associate Ana Maria Mustatea.
The Schoenherr team included Partner Monica Cojocaru, Managing Attorney at Law Vlad Cordea, and Attorney at Law Cristina Olariu.
