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06 November 2023
press release

Serbia: Schoenherr advises CWP Europe on partnership with PowerChina Resources for 300 MW Vetrozelena wind farm

Moravčević Vojnović and partners in cooperation with Schoenherr advised CWP Europe, a leading renewable energy project developer in Southeast Europe, on their investment agreement and shareholders' agreement with PowerChina Resources, an investment company, for the Vetrozelena wind farm in Pancevo, Serbia, with a planned installed capacity of 300 MW and 48 wind generators.

The transaction, signed on 21 April 2023 and successfully closed on 1 November 2023, represents a major milestone in advancing clean energy initiatives in Serbia. It will contribute to reducing pollution, preserving the environment and fostering economic growth.

CWP Europe and PowerChina Resources' partnership creates optimal conditions for advancing the Vetrozelena wind farm, CWP's second wind project in Serbia. This landmark project is set to become the largest wind park in the country upon its anticipated completion in 2025.

The Schoenherr team was led by Vojimir Kurtić (partner) and Matija Vojnović (partner) and further included Luka Milošević (associate) and Željko Loci (associate). Srđana Petronijević (partner), Zoran Šoljaga (attorney at law) and Zoran Kobal (associate) advised on merger control matters.

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