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DLA Piper Advises Autoliv on Virtual Power Purchase Agreements

Romania
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DLA Piper has advised Autoliv on two Virtual Power Purchase Agreements with renewable electricity producers Alight and Eurowind Energy. 

Autoliv is an automotive safety supplier. According to DLA Piper, the two VPPAs – comprising a 100-megawatt-peak solar park in Eurajoki, Finland, and a 48-megawatt wind park in Romania – provide a combined renewable capacity of 148 megawatts. The VPPAs, which span 12 years (from 2027 to 2039), secure a long-term supply of clean electricity for Autoliv’s operations while combining solar and wind technologies to optimize energy generation throughout the day and night. 

Moreover, DLA Piper reports that the 100-megawatt-peak solar park in Eurajoki is projected to produce 100 gigawatt-hours annually – meeting the electricity needs of approximately 20,000 households – with construction scheduled to begin this spring and operations commencing in 2026. Meanwhile, the 48-megawatt wind park in Romania is expected to generate approximately 176 gigawatt-hours annually, with an operational target set for 2027.

The DLA Piper team included Romania-based Partner Paula Corban, Managing Associate Teodor Sabau, and Counsel Georgiana Stan with further team members in London, Leeds, and Finland.

DLA Piper did not respond to our inquiry on the matter.

Romanian Knowledge Partner

Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

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