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CMS advises FAS Energy on acquisition of solar power plant in Kyiv region

26/ 05/ 2022
  International law firm CMS Cameron McKenna Nabarro Olswang in Kyiv has advised FAS Energy on the acquisition of a solar power plant being developed in the Kyiv region, with an expected capacity of 112MW, from a Ukrainian developer. This marks FAS Energy’s second major investment in Ukraine. CMS acted on all aspects of the transaction, including as Ukrainian and English law counsel in connection with various aspects of project implementation, construction, and merger clearance as well as the transaction documents. The core CMS team included Managing Partner Vitaliy Radchenko (EPC), Senior Associate Mariana Saienko, and Associate Ihor Pavliukov (both Corporate).  Partner Olga Belyakova (Competition) advised on the procedure for obtaining the required clearance for the transaction with the support of Senior Associate Mykola Heletiy (Competition).   Established in 2013, FAS Energy is the renewable energy subsidiary of Fawaz AlHokair Group and provides renewable energy solutions across the Middle East and internationally. Vitaliy Radchenko, Managing Partner of CMS in Kyiv, comments: “This is a significant transaction and a strong indicator of the investment community’s confidence in Ukraine (even in times of martial law) and a gradual recovery of its M&A activity. We are pleased to have supported FAS Energy on their second major investment in Ukraine and look forward to watching their continued growth and further expansion.” -END- For further information, please contact: Darina Gordienko E: [email protected] T: +380 44 3913377 NOTES TO EDITORS About CMS Cameron McKenna Nabarro Olswang Ukraine The CMS Kyiv team continues to support clients through the firm’s operational hubs in Budapest and across Ukraine. CMS has created a hub in Budapest for the firm’s Kyiv colleagues to remain in the region, close to family, friends, and each other, and to enable the firm to maximise the support it can offer. A small CMS community in the southwest of Ukraine has also been established. About CMS Founded in 1999, CMS is an integrated, multi-jurisdictional organisation of law firms that offers full-service legal and tax advice. With more than 70 offices in over 40 countries across the world and more than 4,800 lawyers, CMS has long-standing expertise both in advising in its local jurisdictions and across borders. From major multinationals and mid-caps to enterprising start-ups, CMS provides the technical rigour, strategic excellence and long-term partnership to keep each client ahead in its chosen markets. The CMS member firms provide a wide range of expertise across 19 practice areas and sectors, including Corporate/M&A, Energy & Climate Change, Funds, Life Sciences & Healthcare, TMC, Tax, Banking & Finance, Commercial, Competition & EU, Dispute Resolution, Employment & Pensions, Intellectual Property and Real Estate & Construction. For more information, please visit cms.law

International law firm CMS Cameron McKenna Nabarro Olswang in Kyiv has advised FAS Energy on the acquisition of a solar power plant being developed in the Kyiv region, with an expected capacity of 112MW, from a Ukrainian developer. This marks FAS Energy’s second major investment in Ukraine.

CMS acted on all aspects of the transaction, including as Ukrainian and English law counsel in connection with various aspects of project implementation, construction, and merger clearance as well as the transaction documents.

The core CMS team included Managing Partner Vitaliy Radchenko (EPC), Senior Associate Mariana Saienko, and Associate Ihor Pavliukov (both Corporate). 

Partner Olga Belyakova (Competition) advised on the procedure for obtaining the required clearance for the transaction with the support of Senior Associate Mykola Heletiy (Competition).  

Established in 2013, FAS Energy is the renewable energy subsidiary of Fawaz AlHokair Group and provides renewable energy solutions across the Middle East and internationally.

Vitaliy Radchenko, Managing Partner of CMS in Kyiv, comments: “This is a significant transaction and a strong indicator of the investment community’s confidence in Ukraine (even in times of martial law) and a gradual recovery of its M&A activity. We are pleased to have supported FAS Energy on their second major investment in Ukraine and look forward to watching their continued growth and further expansion.”

-END-

For further information, please contact:

Darina Gordienko
E: [email protected]
T: +380 44 3913377

NOTES TO EDITORS

About CMS Cameron McKenna Nabarro Olswang Ukraine

The CMS Kyiv team continues to support clients through the firm’s operational hubs in Budapest and across Ukraine. CMS has created a hub in Budapest for the firm’s Kyiv colleagues to remain in the region, close to family, friends, and each other, and to enable the firm to maximise the support it can offer. A small CMS community in the southwest of Ukraine has also been established.

About CMS

Founded in 1999, CMS is an integrated, multi-jurisdictional organisation of law firms that offers full-service legal and tax advice. With more than 70 offices in over 40 countries across the world and more than 4,800 lawyers, CMS has long-standing expertise both in advising in its local jurisdictions and across borders. From major multinationals and mid-caps to enterprising start-ups, CMS provides the technical rigour, strategic excellence and long-term partnership to keep each client ahead in its chosen markets.

The CMS member firms provide a wide range of expertise across 19 practice areas and sectors, including Corporate/M&A, Energy & Climate Change, Funds, Life Sciences & Healthcare, TMC, Tax, Banking & Finance, Commercial, Competition & EU, Dispute Resolution, Employment & Pensions, Intellectual Property and Real Estate & Construction.

For more information, please visit cms.law

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