Schoenherr advises Renalfa on acquisition of Horia 2 PV power plant. The team was led by Monica Cojocaru (Partner)

Schoenherr advised Renalfa Power Clusters ("Renalfa") on the acquisition of Horia 2, a photovoltaic power plant with an installed capacity of 365 MWp located in Arad County, Romania. The project is part of the Horia-Arad cluster, which also includes a standalone BESS project recently acquired by Renalfa via a separate transaction, with additional capacities to be further developed into a pioneering power project. 

Schoenherr's services included buy-side advice in all phases of the transaction, up to successful closing, including foreign direct investment screening. 

"Congratulations to Renalfa Power Clusters on the completion of this transaction," said Partner Monica Cojocaru, who led the Schoenherr advisory team. "The innovative Horia-Arad cluster is set to become a sovereign grid anchor capable of providing the grid services previously exclusive to thermal power plants. We are proud to have played a part in bringing this pioneering initiative to life." 

Renalfa Power Clusters is a joint venture between Vienna-based clean energy and e-mobility investment group Renalfa Solapro Group and Paris-based investment management company RGREEN INVEST, through its INFRAGREEN equity funds. Renalfa Solapro Group is a vertically integrated innovative clean energy and e-mobility investment company in Eastern Europe.
 
The Schoenherr team advising Renalfa was led by Monica Cojocaru (Partner) and included Mădălina Mitan (Partner), Simona Lehniuc (Managing Attorney at Law), Vlad Cordea (Managing Attorney at Law) and Laura Buzatu-Teodorescu (Senior Attorney at Law). Foreign direct investment screening was handled by Darius Trușculete (Senior Attorney at Law), seconded by Bertha Zidaru (Associate).