Clifford Chance Badea, the Bucharest office of global law firm Clifford Chance, consolidates its Renewable Energy, Real Estate and Construction practice with Alexandru Trandafir joining as Senior Associate, and Bianca Isache as Associate.
Alexandru Trandafir specializes in Real Estate and Energy/Renewable, Construction and Permitting, having advised developers, investors and financial institutions in M&A deals, project finance and acquisitions in Romania and across CEE.
Bianca Isache has advised international and local clients on matters related to Real Estate/Construction, Energy & Renewable and Environmental regulations for many acquisitions and project finance transactions.
Nadia Badea, Partner in charge with the M&A and Energy practice at Clifford Chance Bucharest, says: “Alexandru and Bianca are two talented lawyers with significant experience in areas that are currently of key importance to our clients, namely Renewable Energy, Real Estate and Construction. We have a high volume of projects in these areas, so we need to expand our team to keep up with the current workload and meet our partners’ expectations efficiently. In recent months, five more associate lawyers have joined the Corporate M&A and Banking & Capital Markets practices, bringing our team to almost 50 lawyers.”
Clifford Chance Badea’s track record includes the most significant local and regional transactions, advising entrepreneurial and multinational companies, investment funds and global financial institutions operating in strategic and dynamic sectors. The law firm is often the first choice for leading private equity funds operating in Romania and across the region.
The Energy, Real Estate and Construction practice team acts as trusted adviser throughout the entire development cycle of a renewable energy project – from development, construction or M&A transactions, to financing, the signing of EPC and O&M contracts or PPA agreements, regulatory advice, risk management and investigations, as well as representation in litigation and international arbitration.
Its recent portfolio includes:
1. Advising RNV Infrastructure SRL, part of the Renovatio Group, on the sale of its entire stake in Spark Terminal SRL – the developer of a standalone battery energy storage system (BESS) project with an installed capacity of 153 MW – to SANY International Industrial Co. PTE LTD (Singapore);
2. Advising Aukera Energy in connection with the development and commissioning of its first stand-alone BESS system in Romania, with a total capacity of 250 MW / 500 MWh, namely
- Advising with project financing, in two agreements worth EUR 48.5 million with the International Finance Corporation (IFC) and EUR 60 million with Kommunalkredit Austria AG, and
- Advising with contractual matters related to the construction and commissioning of the project, through a partnership with Electrogrup;
3. Advising Colmobil Energy, Timnat and RTG in connection with two separate BESS facilities investments, with a combined capacity of approximately 200 MW / 480 MWh, on due diligence, regulatory, transaction structuring and corporate matters, as well as the signing of EPC and O&M contracts;
4. Advising Erste Group and BCR regarding the EUR 132 million in financing secured by Scatec ASA for the construction of the 77 MW Urleasca wind farm, acquired from OX2;
5. Advising Copenhagen Infrastructure Partners (CIP), a global fund manager and leading investor in energy infrastructure, on reaching financial close on the Pestera II onshore wind farm, in a transaction of approximately EUR 510 million — one of the largest renewable energy financings in Romania and the wider Central and Eastern European region to date. The consortium of local and international commercial banks comprised Erste Bank and Banca Comercială Română, Deutsche Bank, Societe Generale and BRD, Eurobank, and Piraeus Bank;
6. Advising the Renovatio Group on the sale of a photovoltaic park in Satu Mare, with an installed capacity of 100 MW and a storage capacity of 99 MW, to the Greek group GEK TERNA;
7. Advising Actis, a global fund investing in sustainable infrastructure, on a joint venture agreement with Mubadala Investment Company, the Abu Dhabi sovereign investment fund, in connection with one of the largest renewable energy projects in the region;
8. Advising Nofar Energy in connection with several renewable energy projects, as part of an investment plan through which the company is targeting a total installed capacity of over 733 MW in Romania;
9. Advising T2Y Capital, a financial investor specialising in growth capital with a focus on the energy sector and adjacent industries, in connection with the strategic partnership entered into with Prime Batteries Energy Holding, through which it became the second-largest shareholder of the Romanian battery producer;
10. Advising the banking syndicate comprising BRD – Groupe Societe Generale SA, Erste Group Bank AG, Raiffeisen Bank S.A., Siemens Bank GmbH, Societe Generale, and UniCredit Bank S.A. on the EUR 348 million financing secured by Greenvolt Power for the construction of a 253.1 MW wind project in Ialomița County, which will be owned by Engie Romania;
11. Advising the banking syndicate comprising eight commercial banks and led by UniCredit Bank, in connection with the EUR 460 million financing arranged by Enery for the development of the Ogrezeni farm, one of the largest hybrid renewable energy projects in Europe;
12. Advising Electro-Alfa International in connection with the public offering of new shares issued as a result of a capital increase (IPO) in the amount of approximately RON 580 million (EUR 115 million);
13. Advising Electrica on the landmark transaction through which the company successfully launched its first green bond issuance on international markets, which was oversubscribed more than 11 times and raised EUR 500 million.
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About Clifford Chance Badea
Clifford Chance Badea is the local office of global law firm Clifford Chance LLP, which has been present on the market since 2006. The Bucharest office is constantly involved in complex financing, restructuring, Eurobond and share issues on local and international capital markets, derivative financial instruments, acquisitions of companies by strategic investors or private equity funds, infrastructure and motorway projects, real estate investments, as well as domestic and international litigation and arbitration.
About Clifford Chance
Clifford Chance is a global law firm committed to creating advantage for its clients. The firm combines legal and commercial intelligence to grow, transform, protect and defend its clients’ businesses. Operating as a single, fully integrated global partnership, Clifford Chance provides forward-thinking insights and tech-enabled solutions in the sectors and markets that matter most to its clients. The firm’s culture of collaboration and commitment to rigorous and ethical standards, ensures consistent, high-quality service worldwide.
For further information about Clifford Chance please access www.cliffordchance.com or www.linkedin.com/company/clifford-chance-llp
