Burges Salmon has advised CWP Europe on a partnership deal with Mercuria Energy Trading.
Mercuria, a commodity trading giant, will provide its broad expertise in energy markets as well as increased financial support, which will allow CWP Europe to realise its €1.9 billion investment plan over the next few years.
Founded in 2007, CWP is a global renewable energy development company which encompasses CWP Europe as the leading renewable energy development platform in Southeast Europe with over 2 GW in development.
CWP is known for innovation in renewable energy development and holds a wealth of experience in the renewable energy sector, accumulated through the successful delivery of projects in both Europe and Australia. The firm develops their own utility-scale renewable energy facilities incorporating wind, solar, and storage technologies, oversee project delivery and commissioning, and provide long-term operational asset management services.
The Burges Salmon team advising on the deal was led by Corporate Partner Dominic Davis and Senior Associate Julie Book with support from Rebecca Skittery and corporate law firm GSK Stockmann on Luxembourg-specific advice.
Dominic Davis commented: “We are delighted to have advised CWP Europe on this transaction and have really enjoyed working with the CWP team. Partnering with Mercuria will allow CWP to further develop their portfolio and accelerate their ambitious growth plans and we wish all parties all the best with this exciting new venture.”
Dimitar Enchev, CWP Europe’s CEO, commented “We enjoyed working with the Burges Salmon team on this transformative transaction. We value their counsel and ability to assist in executing strategic transactions.”