20 years together

Energy Law

Overview
Dimitrov, Petrov & Co.’s lawyers have gained extensive experience in the field of energy law serving both Bulgarian and international clients regarding versatile legal issues in the energy sector. The law firm’s services include but are not limited to: 
 
  • Legal advice on the regulatory framework for implementing energy business in Bulgaria, including renewables;
  • Assistance in licensing procedures including preparation of all necessary documents;
  • Legal advice in connection with trading in electricity at preferential prices, on the open market and the balancing market;
  • Assistance to investors in the development, construction and operation of energy facilities, including in obtaining environmental permits;
  • Legal assistance in acquisition of energy facilities, including in the negotiation process, performance of comprehensive legal due diligence reports and preparation of transaction documentation;
  • Representation before the Energy and Water Regulatory Commission and all competent authorities;
  • Representation in court and arbitration proceedings in respect of settlement of relations with the National Energy Company and the energy distribution companies. 
 
Over the years Dimitrov, Petrov & Co.’s legal services have been used by oil refineries, electricity and oil producers, importers of batteries and equipment for power stations and a number of other companies operating in this specific sector. The law firm has rendered legal support to several international energy companies regarding the establishment of their business in Bulgaria. The firm’s lawyers have successfully developed practices in acquisition of wind and solar farm projects both through acquisition of local companies (special purpose vehicles/ SPVs) and through real estate transactions. Their expertise includes sound knowledge of the regulatory framework and the practical matters related to zoning, construction, environment and grid connection.
 
Dimitrov, Petrov & Co.’s experts have also played an active role as consultants in the privatization of the energy sector in Bulgaria. 
 

 

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Representative Experience
Dimitrov, Petrov & Co. is legal consultant of the leading international electricity operator Alpiq AG group in relation to the establishment and operation of its business in Bulgaria, including full-range corporate services, regulatory and licensing issues, contractual relations, specific issues relating to contracts for purchase and sale of electricity and participation on the market. 
 
Dimitrov, Petrov & Co. provides full-range legal services to a leading Bulgarian economic player with regard to its entry on the retail fuel market. The firm’s team advises the client on regulatory matters, real estate acquisition, competition issues and drafting of contracts.
 
Dimitrov, Petrov & Co. provides legal assistance to Suzlon Energy, a European member of Suzlon Group, a world leading wind turbine manufacturer, in day-to-day legal matters concerning their operations on the Bulgarian market.
 
The law firm advises a hydroelectric power plant with regard to numerous regulatory matters in the renewable energy sector, including the registration of the power plant on the free energy market.
 
Windkraft Simonsfeld, a top-level Austrian alternative energy producer, which produces and sells on the local market, has entrusted its corporate, litigation and energy law matters to Dimitrov, Petrov & Co.’s expert team of lawyers. 
 
Dimitrov, Petrov & Co. represents the renewable energy investor Gorichane Energy EOOD in an arbitration case against the National Electricity Company before the Court of Arbitration at the Bulgarian Chamber of Commerce and Industry, with regard to a claim for damages resulting from a refusal for conclusion of a grid connection agreement.
 
As for provision of consultations related to development of green-field projects, Dimitrov, Petrov & Co. is proud to be the legal consultant of two investors developing a 140 MW and a 99 MW wind farm projects in the North-East of Bulgaria. Apart from advising on all matters related to land acquisition, zoning, grid connection and environmental approvals, the lawyers are also involved in performance of due diligence on land plots and preparation of the legal documentation allowing the developer to use the land for the project without the necessity of buying it. They are also taking care of all corporate and commercial matters that the clients of the law firm have in Bulgaria with respect to business structuring and day-to-day activity.
 
The law firm was engaged by a leading Bulgarian project development company to consult their activity in respect to developing a solar project located in South Bulgaria and establishing a joint venture for operating the project. Dimitrov, Petrov & Co.’s expert team of lawyers was involved also in consulting the expanding of the business activity of the company by acquiring ready-to-build solar projects for the purpose of operating them.
 
Dimitrov, Petrov & Co. assisted investors in the privatization of the National Electric Company pool – 1st stage comprising 22 small water-power stations.
 
Legal consultant of HANERGY SOLAR POWER B.V. in its project for acquisition of the entire share capital of Bulgarian SPV, holding the rights over 3 MW solar project in South-East of Bulgaria
 
Exclusive legal consultant of P2 Solar Inc. in its project for acquisition of the entire share capital of a Bulgarian SPV, holding the rights over 14.35 MW solar project in the North-East part of Bulgaria.
 
The firm’s experts are the exclusive legal consultants of a joint venture between a global wind park operator and a world leading producer of WTG, as well as of several other European investors developing RES projects in Bulgaria with total planned capacity of more than 270 MW. They have also been engaged on separate legal consultations to other key players in the RES sector.
 

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Related News
19Jan

A New Achievement of Dimitrov, Petrov & Co.

Metodi Baykushev, Hristo Nihrizov and Pencho Stanchev, lawyers at Dimitrov, Petrov & Co. Law Firm, achieved success in representing a leading electricity service provider in Bulgaria.    Administrative Court – Sofia upheld their petition for addressing the Court of Justice of the European Union (CJEU) with a request for interpreting the Community law regarding paramount... view more

03Aug

Energy companies' obligations for information disclosure have been facilitated

Changes in the regime for information disclosure by companies under §1e of the Additional Provisions of Public Offering of Securities Act view more

14Jan

News on the sale of electricity from RES

The EWRC adopted the relevant amendments and supplements to the Electricity trading rules. view more

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Contact Person

Bogdan Petrov

Partner

Bogdan Petrov

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