Vlăsceanu, Nyerges & Partners Advising Shikun & Binui Energy in Relation to Acquisition of PV Project from Monsson

Vlăsceanu, Nyerges & Partners is advising Shikun & Binui Energy Ltd. regarding the acquisition from Monsson, as well as the further development and construction of a photovoltaic project in Satu Mare. The project has an authorized capacity of 67.5 MW and covers over 85 ha of land. The construction works are planned to start this year and will entail an investment of up to EUR 50 million.

“We are honoured to assist Shikun & Binui Energy Ltd. in their first project in Romania. Our work so far has been quite complex covering M&A matters, corporate, real estate, urbanism permitting, EPC contract, grid connection and other regulatory matters. Romania is in urgent need to increase its power generation capacities and we are excited that it is attracting high investments from credible and important players in this sector,” said Mihaela Nyerges, Partner at Vlăsceanu, Nyerges & Partners.

The legal team was led by Mihaela Nyerges (Partner) and included, among other, Loredana Vlăsceanu (Partner) and Monica Cune-Ghițescu (Senior Associate).

About Shikun & Binui Energy

The Company engages in the development, financing, construction, and operation of power generation plants based on energies, such as: solar energy, hydro, wind, and natural gas – in Israel and around the globe.

Shikun & Binui Energy develops utility-scale long-term projects, taking an end-to-end approach, from the initiation stage to financing, construction, operation, and maintenance of the project. Shikun & Binui Energy is a leader in large-scale long-term energy projects, developing them out of a holistic end-to-end approach.

As a subsidiary of the Shikun & Binui Group, the company has at its disposal extensive financial resources, a global presence, and proven capabilities in implementing complex projects.

Shikun & Binui is a multinational infrastructure, real estate, and concession corporation active in about twenty countries across four continents.

Based in Israel, the Company’s first overseas projects took place in the 1950s, when the young Jewish state first forged diplomatic ties with African countries.

Currently, the company is also active in Europe and the Americas and is involved in large-scale and mega projects around the world.