{"id":45010,"date":"2024-10-18T10:04:07","date_gmt":"2024-10-18T10:04:07","guid":{"rendered":"https:\/\/my.legal500.com\/developments\/?post_type=press_releases&#038;p=45010"},"modified":"2024-10-29T10:04:59","modified_gmt":"2024-10-29T10:04:59","slug":"gecic-law-in-collaboration-with-akin-advises-on-serbias-largest-renewable-energy-project","status":"publish","type":"press_releases","link":"https:\/\/my.legal500.com\/developments\/press-releases\/gecic-law-in-collaboration-with-akin-advises-on-serbias-largest-renewable-energy-project\/","title":{"rendered":"Geci\u0107 Law, in Collaboration with Akin, Advises on Serbia\u2019s Largest Renewable Energy Project"},"content":{"rendered":"<p><strong>Geci\u0107 Law is proud to announce its role as local counsel in a strategic collaboration with\u00a0<a href=\"https:\/\/www.akingump.com\/en\">Akin<\/a>, the renowned and highly regarded international counsel, on Serbia\u2019s largest renewable energy project.<\/strong> <!--more-->Together, we have advised on a landmark agreement that paves the way for the construction of one of the largest solar power plants in Southeast Europe. This project is set to significantly boost Serbia\u2019s renewable energy capacity. It is the result of a collaboration between the Government of Serbia and an international consortium led by\u00a0<a href=\"https:\/\/www.hec.co.kr\/en\">Hyundai Engineering<\/a>\u00a0and\u00a0<a href=\"https:\/\/ugtrenewables.com\/\">UGTR<\/a>. The agreement marks a major milestone in Serbia\u2019s commitment to meeting its climate and environmental objectives by increasing the use of renewable energy sources.<\/p>\n<p>The deal involves the development of solar power plants across multiple locations in Serbia, with an installed capacity of 1,000 MW. Once operational, the facilities will play a critical role in the country\u2019s energy mix, reducing reliance on traditional energy sources and contributing to Serbia\u2019s green transition.<\/p>\n<p>Geci\u0107 Law acted as local legal counsel, providing comprehensive support throughout the negotiation and execution phases of the agreement. The firm\u2019s team of experts advised on various aspects of the transaction, including regulatory compliance, project structuring, and contract negotiations. Geci\u0107 Law\u2019s deep knowledge of the energy sector and extensive experience in advising on large-scale infrastructure projects were crucial to the successful conclusion of the deal.<\/p>\n<p>\u201cWe are thrilled to have been part of such a transformative project for Serbia\u2019s energy sector,\u201d said Ognjen Coli\u0107, Partner at Geci\u0107 Law and Head of Corporate and M&amp;A. \u201cThis project highlights the importance of international investment to drive forward the country\u2019s energy security and renewable energy objectives. It was indeed a true pleasure to collaborate with Akin, a firm with exceptional global expertise and a reputation for excellence. We were thrilled to collaborate with such an esteemed global firm.\u201d<\/p>\n<p>The project is expected to bring significant economic benefits, including job creation during the construction and operation phases, as well as long-term environmental advantages through reduced carbon emissions.<\/p>\n<p>This deal confirms Geci\u0107 Law\u2019s leadership in the region\u2019s legal landscape, particularly in complex, cross-border projects. The firm continues to build on its reputation for excellence, offering cutting-edge legal solutions in sectors critical to Serbia\u2019s economic future. The Geci\u0107 Law team on the project comprised partners\u00a0<a href=\"https:\/\/www.geciclaw.com\/colic-ognjen\/\">Ognjen Coli\u0107<\/a>\u00a0and\u00a0<a href=\"https:\/\/www.geciclaw.com\/miodrag-jevtic\/\">Miodrag Jevti\u0107<\/a>, counsel\u00a0<a href=\"https:\/\/www.geciclaw.com\/milos-petakovic1\/\">Milo\u0161 Petakovi\u0107<\/a>\u00a0and senior associate\u00a0<a href=\"https:\/\/www.geciclaw.com\/zarko-popovic1\/\">\u017darko Popovi\u0107<\/a>.<\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-45010","press_releases","type-press_releases","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/press_releases\/45010","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/press_releases"}],"about":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/types\/press_releases"}],"wp:attachment":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/media?parent=45010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}