CWP Europe’s Acquisition Of A Wind Project In Ukraine

CMS Cameron McKenna Nabarro Olswang in Kyiv has advised CWP Europe on the deal.

CWP Europe (CWP) on the acquisition of 73MW wind project in development. The acquisition marks CWP’s first investment in Ukraine.

CWP Europe is the leading renewable energy development platform in Southeast Europe with over 1400MW in development. CWP Europe is owned by CWP Global, an international energy infrastructure development company operating in Europe and Australia. 

The wind project located in the Kherson region in Southern Ukraine will enter construction in 2023, bringing EUR 76m of investment and creating 360 jobs. The acquisition represents an important step for CWP and its ambitious plans in Ukraine – where  renewables had just a  4% share of overall energy generation in 2015, which is now projected to reach up to 25% over the next decade.

The CMS team was led by partners Vitaliy Radchenko (Picture – Energy & Projects) and Ihor Olekhov (Banking & Finance), assisted by Maryna Ilchuk (Counsel, Energy & Projects), Orest Matviychuk (English-qualified Senior Associate), Viktoriia Stavchuk (Senior Associate, Commercial & Tax), Ihor Pavliukov (Associate, Corporate) and Denys Hatseniuk (Lawyer, Corporate).

Involved fees earner: Denys Hatseniuk – CMS Cameron McKenna Nabarro Olswang LLP; Maryna Ilchuk – CMS Cameron McKenna Nabarro Olswang LLP; Orest Matviychuk – CMS Cameron McKenna Nabarro Olswang LLP; Ihor Olekhov – CMS Cameron McKenna Nabarro Olswang LLP; Ihor Pavliukov – CMS Cameron McKenna Nabarro Olswang LLP; Vitaliy Radchenko – CMS Cameron McKenna Nabarro Olswang LLP; Viktoriia Stavchuk – CMS Cameron McKenna Nabarro Olswang LLP;

Law Firms: CMS Cameron McKenna Nabarro Olswang LLP;

Clients: CWP Energy Holdings Ltd;

Author: Federica Tiefenthaler