PPC: 84 MW wind park acquisition completed in Romania

The completion of the 84 MW acquisition in Romania was announced by PPC S.A. (“”) through PPC Renewables S.A.’s subsidiary (“PPC Renewables”) and following the fulfilment of certain conditions (precedent), usually in such transactions. PPC purchased the wind park from the European subsidiaries of the Lukoil Group of 100% of Land Power s.r.l., which holds the park in operation in Romania with a total installed capacity of 84MW. The wind park produces more than 200GWh per year, as it is located in the Dorobandu and Toplog areas, which have the best wind potential in the country. PPC Renewables was selected as a preferred buyer after a competition process involving international companies. Kommunalkredit Austria AG acted as exclusive financial advisor and CMS Cameron McKenna Nabarro Olswang LLP SCP and Milbank LLP as legal advisers to PPC Renewables.