Wolf Theiss Advises Jade Power in the EUR 71 Million Sale of its Romanian Renewable Energy Portfolio to Energy Power Holding

Deniza Cristian 06/09/2022 | 12:04

Wolf Theiss acted as local legal advisor in Romania to Jade Power Trust, a Canadian-based energy company, in the sale of its portfolio of six renewable energy projects to Enery Power Holding, an Austrian strategic investor focused on the acquisition, development, construction and operation of renewable power plants.


The transaction was signed on 1 September 2022 and remains subject to certain closing conditions being met, including clearance by the Romanian Competition Council.

The Wolf Theiss team was led by partner Bryan Jardine and provided legal assistance to Jade Power in all stages of the transaction – from due diligence through the draftng and negotiation of the transaction documentation (including the Romanian law governed share purchase agreement).

“We are very pleased with the high-quality services provided by the Wolf Theiss team. Their professionalism, diligence and sustained efforts were all-important for the successful achievement of the transaction”, stated James Colter Eadie, CEO of Jade Power.

In addition to Mr. Jardine, other members of the Wolf Theiss team involved in this transaction included Counsel Mircea Ciocîrlea and Senior Associate Cornelia Postelnicu (Corporate / M&A), Senior Associates Adina Aurel and Vladimir Plugărescu (Projects, Energy & Infrastructure); Counsel Dana Toma and Associates Alexandru Roman and Ana-Maria Mustăţea (Real Estate & Construction); Partner Anca Jurcovan and Associates Maria Ionescu and Adrian Manolache (Competition & FDI) and Partner Claudia Chiper and Associate Cătălin Sabău (Banking & Finance).

“We were glad to assist the highly professional team at Jade Power on this transaction. In the last several years, Wolf Theiss lawyers have advised on some of the most significant transactions in the Romanian renewable energy sector, both on the sell-side and buy-side. The cross discipline industry expertise and dedication of our team were essential to the successful completion of this project”, declared Bryan Jardine, Managing Partner of Wolf Theiss Bucharest office and regional coordinator of the Wolf Theiss renewable energy practice.

Lead international counsels for Jade Power on the transaction were partners Richard Kimel and Thomas Fenton from the Canadian law firm Aird & Berliss.

BR Magazine | Latest Issue

Download PDF or read online: November 2022 Issue | Business Review Magazine

The November 2022 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Samsung Remains Top Consumer Tech Provider on Romanian Market.” Read
Deniza Cristian | 29/11/2022 | 10:17

    You will receive a download link for the latest issue of Business Review Magazine in PDF format, based on the completion of the form below.

    I agree with the Privacy policy of business-review.eu
    I agree with the storage and handling of my data by business-review.eu
    Advertisement Advertisement
    Close ×

    We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

    Accept & continue