RTPR advises OX2 on 96MW wind farm sale
RTPR has assisted OX2 in relation to the sale of a 96 MW onshore wind project located in Galati County. The Ansthall wind farm holds a 12-year virtual power purchase agreement (vPPA) with Ahold Delhaize, a leading international retailer, covering more than 50% of the wind farm’s electricity output.
OX2 has sold the 96 MW onshore wind farm in Romania to HELLENiQ Renewables, a wholly owned subsidiary of HELLENIQ ENERGY HOLDINGS S.A. The Ansthall wind farm is in eastern Romania and will feature 15 Vestas 6.4 MW turbines. Construction is scheduled to start in the third quarter of 2025, with commissioning planned for 2027.
“The transaction with HELLENiQ Renewables demonstrates how OX2 develops its Romanian portfolio by progressing projects to financial investment decision. We're strategically positioned to become one of the leading renewable energy companies in Romania while making a meaningful contribution to the country's renewable energy objectives and energy transition goals,” said Lacramioara Diaconu-Pintea, Country Manager OX2 Romania.
The RTPR team of lawyers involved in this project was coordinated by Vlad Stamatescu (Counsel) under the supervision of Mihai Ristici (Partner) and further included George Capota (Associate), Andrei Tosa (Managing Associate), Bianca Cojocaru, David Mirea, Luka Perovic, Alexandra Grieb and Irina Ratiu (Junior Associates). Bogdan Cordos (Partner) assisted on the regulatory and vPPA streams, while Ianita Tui (Counsel) assisted on real estate matters. Roxana Ionescu (Partner) and Serban Halmagean (Associate) advised on competition and FDI aspects of the deal.
“We are delighted to close a new major transaction with OX2, a second fruitful collaboration in the same successful formula for a complex, multidisciplinary mandate in such a dynamic sector as renewable energy. Congratulations to Andreea Mladin and Lacramioara Diaconu-Pintea, who coordinated the OX2 transaction team. It was a privilege to work together. At the same time, I would like to thank our colleagues from A&O Shearman, Kamil Jankielewicz, Antoni Roszkowski and Farah El Yacoubi with whom we have once again made an excellent team, but also all my colleagues from RTPR. The EY team led by Kinga Charpentier acted as financial advisor to OX2”, said Vlad Stamatescu, Counsel at RTPR.
In 2024, RTPR assisted OX2 in another sell side mandate, in a transaction worth EUR 214 million, for a 99.2 MW onshore wind project located in the Eastern part of Romania to Nala Renewables, a joint venture between IFM Investors and Trafigura.
