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CMS Advises UGT Renewables on Partnership with EPS

Serbia
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CMS, working with Norton Rose Fulbright, has advised UGT Renewables on a partnership agreement with Serbia's state-owned power utility Elektroprivreda Srbije and the Ministry of Mining and Energy for the development and construction of new solar power plants and battery storage facilities in Serbia. Akin Gump reportedly advised the Government of the Republic of Serbia.

UGT Renewables is a US-based solar energy and storage developer

According to CMS, "the project will have a total installed capacity exceeding 1 gigawatt and 200 megawatts/400 megawatt-hours of battery storage. Hyundai Engineering Co. Ltd will also be part of the consortium."

In 2022, CMS advised UGT Renewables on a joint solar energy project with Montenegro’s EPCG (as reported by CEE Legal Matters on November 22, 2022).

The CMS team included Managing Partner Radivoje Petrikic, Partner Ivan Gazdic, Senior Lawyer, Tamara Zejak, Senior Associates Marija Marosan, Teodora Vujosevic, and Milica Popovic, and Associate Jelena Djordjevic.

Serbia Knowledge Partner

SOG in cooperation with Kinstellar is a full-service business law firm in Serbia that provides foreign and domestic clients with premium-quality legal advice and assistance across a wide range of key areas of corporate law. The firm was founded in 2015 by a group of seasoned, internationally-trained lawyers. SOG has developed a distinctively dynamic culture, bringing together top talent, fostering entrepreneurship, and maintaining exceptional relationships with its clients.

SOG has achieved consistent growth in the volume of its business, accompanied by an exponential increase in the number of hired associate lawyers and the firm’s network of business contacts. SOG has a robust client base of multinationals, investment and private equity firms, and financial institutions. Clients praise SOG for being commercially minded, very responsive and knowledgeable.

Establishing permanent cooperation with Kinstellar is part of realising SOG's long-term development strategy to be the leading provider of legal services in the Western Balkans market.

Firm's website: https://www.kinstellar.com/

 

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