Sayenko Kharenko advises Elementum Energy on acquisition of a stake in the Lymanska WPP project
Sayenko Kharenko has acted as Ukrainian legal counsel to Elementum Energy Limited on the acquisition of a majority stake in Lymanska Vitroelektrostantsiia LLC from Ukraine Power Resources. Lymanska Vitroelektrostantsiia LLC is a project company aiming to develop a wind park exceeding 100 MW near Odesa, Ukraine. The project will be developed in cooperation with Ukraine Power Resources, which remains a minority shareholder.
Sayenko Kharenko’s involvement in this transaction included legal support during the negotiation and conclusion of the share purchase agreement and shareholders’ agreement and completion assistance.
Elementum Energy is the largest international investor to the renewable energy sector in Ukraine. The company currently owns and operates a portfolio of 28 solar power plants with a total installed capacity of 536 MW and a 40 MW wind power plant, with additional 60 MW of wind capacity in construction.
Ukraine Power Resources is a U.S. company founded by Peter A. Gish and Geoff Berlin that is developing renewable energy and storage projects in Ukraine. Through its affiliate companies it has successfully developed over 2.4 GW of wind power capacity and 600 MW of solar PV capacity in seven countries.
Sayenko Kharenko’s team included partner Oleksandr Nikolaichyk, senior associate Mykhailo Grynyshyn and associate Zarina Khalimon.
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About Sayenko Kharenko
Sayenko Kharenko enjoys a global reputation as a leading Ukrainian law firm with an internationally oriented full-service practice. Sayenko Kharenko, founded in 2004, is currently one of the two largest Ukrainian law firms with more than 120 lawyers. The firm works on the largest and most sophisticated transactions and disputes representing the leading international and local companies. It has provided legal services to over 2,000 clients from more than 60 countries around the globe.
You can find more information about the firm’s areas of specialization and experience on the website www.sk.ua.
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