Mușat & Asociații advised Naxxar Renewable Energy on the signing of a conditional agreement for the sale of a 60% stake in Naxxar Wind Farm Four SRL (NWF4 – the project company) to Polenergia, the largest private energy group on the Polish market.
Currently, Naxxar through NWF4 is developing in Romania one of the largest onshore wind farm projects in the region, with an estimated capacity of approximately 685.6 MW, located in Tulcea County. The agreement provides for Polenergia’s right to acquire the remaining 40% of the shares of Naxxar Wind Farm Four SRL during the period between 1 July and 31 December 2024.
“This transaction represents one of the most complex projects on the renewable energy market in recent years, both in terms of size and impact on the dynamics of this sector. At Mușat & Asociații we have found a team with outstanding expertise in energy and related M&A transactions, made up of lawyers who have demonstrated their ability to manage strategic, long-term projects. I would like to thank Mușat & Asociații for the partnership in this project and for the fact that they have so effectively combined the advice regarding the regulatory aspects with the achievement of our business objectives”, said Gerhard Kaiser, CEO of Naxxar Renewable Energy.
“Congratulations to the Naxxar team and their new strategic partner – Polenergia, on entering this new phase of development! We thank the entire Naxxar team and especially Mr. Gerhard Kaiser for their trust and successful collaboration both in this transaction and in the other projects the company is developing in the renewable energy sector. We are grateful to our colleagues in the project team for their constant involvement and for all their efforts to complete this transaction in line with the company’s objectives”, said Andrei Ormenean, Partner at Mușat & Asociații.
The Mușat & Asociații team was led by Iulian Popescu (Deputy Managing Partner) and Andrei Ormenean (Partner) and was made up of a number of experienced associate lawyers among whom: Mădălina Trifan (Managing Associate), Șirin Omer (Senior Associate) and Cristian Cepeși (Senior Associate).
