Kinstellar's team in Romania has advised Danish developer Jantzen Renewables ApS on its transaction with OMV Petrom, the largest integrated energy company in Southeast Europe, for the purchase of the Helios 1 photovoltaic cluster in Romania.
With the installed power estimated to be approximately 710 MW, the cluster will be one of Southeast Europe's most significant photovoltaic projects, powering around 280,000 Romanian households annually.
Kinstellar advised on all matters pertaining to the transaction, including on the due-diligence and the negotiations with OMV Petrom. The team was led by Iustinian Captariu, Partner and Co-Head of the firm-wide Energy service line, and by Victor Constantinescu, Managing Partner of the Bucharest office and Co-Head of the firm-wide Real Estate service line.
Iustinian Captariu, Partner, Energy, Competition and Regulatory: "We are very proud to have been able to assist Jantzen Renewables ApS in its transaction with OMV Petrom. The matter required a combined team effort from several practice areas and comes at a time when renewable energy investments have been in high demand across many of the markets where we are active. Just in the past few years alone, Kinstellar in Bucharest has advised on renewable projects with a pipeline in excess of 4,000 MW, on the back of the new wave of green energy generation investments driven by the energy transition."
Razvan Popa, Partner & Head of Transactions, Jantzen Renewables ApS: "We are delighted to have signed this important transaction, which combines one of Romania's most significant renewable projects, the Helios 1 photovoltaic cluster, with the largest energy company in Southeast Europe. Many thanks to my former colleagues at Kinstellar for the stellar job — we appreciate their knowledge of the industry."
Kinstellar's team also included Managing Associates Catalin Dinu (Real Estate) and Madalina Perte (Corporate/M&A), as well as Narcisa Muresan, Ecaterina Tanase, Miruna Dumitru, Cosmin Vasilescu, Ioana Criste, Dana Sarbu, Ioana Popescu, Oana Grigore and Mihai Stan.