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AVELLUM advises solar power plant developer on sale of solar project

March 2019 - Corporate & Commercial. Legal Developments by Avellum.

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AVELLUM acted as the legal counsel to SM Invest Construction B.V., a solar PV plants developer, on the sale of shares in the holding company, which owns the underlying assets to develop a 120MW solar power plant in Mykolaiv region. Scatec Solar, a leading and globally acting solar energy producer, acted as the purchaser.

AVELLUM provided legal support to the client in negotiating the transaction documents. We also advised the client on various real estate and regulatory matters, which arose within the transaction.

AVELLUM’s partner Yuriy Nechayev commented on this transaction: “We are honoured to guide our new client through the complicated and challenging process of negotiating the transaction documents in the M&A deal. This transaction shows that AVELLUM remains a top choice for local players on the Ukrainian renewables market, who appreciate our deep expertise in M&A, as well as our ability to find tailored legal solutions for various real estate and regulatory issues.”

The AVELLUM team was led by partner Yuriy Nechayev, with support from associates Dmytro Symbiryov and Olga Tersina. Counsel Maksym Maksymenko and associate Daryna Mykhailenko advised on real estate matters.