WKB Wiercinski Kwiecinski Baehr has advised Ingka Investments on the EUR 190 million acquisition of a 63-megawatt onshore wind farm and a 29-megawatt photovoltaic farm from OX2. Allen & Overy advised OX2 on the sale.
Long Awaited Amendments to the Offshore Law Approved and Published
On 25 May 2022, Law no. 157/2022 („Law 157/2022”) amending Law no. 256/2018 on certain measures necessary for the implementation of oil operations by offshore oil perimeter owners (“Offshore Law”) was published in the Official Gazette of Romania no. 516 and entered into force on the same date.
Arkadiusz Wierzbicki Joins Polenergia as General Counsel
Former Dentons Managing Counsel Arkadiusz Wierzbicki has joined Polenergia in Warsaw as the company's Group Head of Legal & General Counsel.
Cobalt Successful for Pienava Wind in Dispute Against Tukums Municipality
Cobalt has successfully represented Eolus Vind subsidiary Pienava Wind before Latvia's Administrative Regional Court in a dispute against the Tukums Municipality for the approval of the construction of a 22-turbine wind farm.
Update on ESG-Related Regulations at EU Level and in Hungary
In 2019, the EU introduced the European Green Deal with clear sustainability goals to become climate neutral by 2050. Across industries, investors increasingly accept the high value of more sustainable business practices. ESG sustainability is a central consideration in business decisions in almost all economic areas. ESG covers corporate governance, environment and climate change, social and human rights, and sustainable finance. The question for companies is how they can or even must implement this and use legal instruments. However, the lack of binding law provisions, greenwashing, and the alleged sustainability of investments have undermined the importance of this topic.
DWF Advises V-ridium on Renewable Energy Corporate PPA with T-Mobile Polska
DWF has advised the V-ridium Power Group on an agreement with T-Mobile Polska for the supply of renewable energy for 15 years. Domanski Zakrzewski Palinka reportedly advised T-Mobile.
Trends and Challenges for Hungarian Solar Projects
All over the world, we feel the effects of global warming and a sense of urgency to take action against it. It is, therefore, a relief that Hungarian solar projects are coming online in an ever-increasing number. In order to ensure that this trend continues, we ought to take account of the challenges of the sector, not just of its opportunities.