February 16, 2023 13:12 
Clifford Chance Badea advised the bank syndicate including Banca Comerciala Romana S.A. and Erste Group Bank AG in connection with the financing of the acquisition by Austrian group Enery Power Holding of the renewable energy portfolio held by the Canadian company Jade Power Trust.
The deal, including two wind farms in Dobrogea, two solar energy projects and two hydroelectric power plants, marks the Canadian company's exit from Romania, as well as the local presence consolidation of one of the most active players in the region.
The Clifford Chance Badea team including counsel Andreea Sisman, senior associates Madalina Mailat and Gabriel Toma, and lawyer Nicolae Grasu, provided advice throughout the whole project, on issues such as finance structuring, drafting, reviewing, negotiating and support in signing the related documents.
"We are glad to have successfully completed this financing project in Romania's renewable energy field, alongside BCR and Erste, with whom we have built a long-lasting relationship over the years," said Andreea Sisman. "Enery's portfolio consolidation in Romania confirms once more that our country is an essential renewable energy player in Central and Eastern Europe, and we are honoured to bring our experience as contribution to this project."
Nadia Badea, Clifford Chance partner coordinating renewable energy transactions in Romania, adds: "Renewable energy is a real focus at global level today, and this is reflected in Romania's investment dynamics. This transaction was extremely interesting because, on the one hand, we worked once again with two of the largest banks, which are very active in the sector, and on the other hand, we collaborated with a very active company in the region, with whom we are also working in other renewable energy transactions."
