Ovidiu Development News Today

An overview of legal and practical considerations surrounding renewable energy project development in Romania, including project finance transaction structures and distributed and residential renewable energy.

Eighteen months after the start of the divestment process, CEZ Group has successfully concluded a transaction in which its Romanian assets have been acquired by funds managed by MIRA. Seven Romanian companies (Distributie Energie Oltenia, Ovidiu Development, Tomis Team, MW Team Invest, CEZ Vanzare, TMK Hydroenergy Power and CEZ Romania) are thus changing their owner. The sale is part of CEZ Group’s strategic plan to divest selected assets in some countries. In Romania, CEZ Group remains acti...