Kinstellar Advises UEG on the Acquisition of a Solar Project in Bulgaria With a Forecasted Capacity of 250 MW

Kinstellar has supported United Energy Group (UEG)’s internal legal team on the acquisition of Green Profit EOOD, a developer of a photovoltaic (PV) project under construction. The Simeonovgrad-Polyanovo PV project, located in southern Bulgaria, has a forecasted capacity of 250 MW. Kinstellar led and negotiated the entire transaction, including the share purchase agreement and other transaction documents.

UEG is a Hong Kong-based producer of traditional and renewable energy that has recently expanded its presence in the European energy market.

This is the latest transaction in a series of renewable energy investments in Bulgaria: over the past year, Kinstellar has advised on the development and financing of renewable energy projects in Bulgaria with a projected capacity of approximately 2 GW.