Ijdelea & Associates have assisted Black Sea Oil & Gas S.A (BSOG) on the negotiation and execution with a major local contractor of the EPC contract related to the client’s first photovoltaic project, the overall development being planned to reach 50 MW.
The development of the Solar Park is a first step in BSOG’s energy transition strategy to develop various Green Projects such as offshore wind and green hydrogen production. BSOG is currently monitoring the possibility to implement the first green energy project in the Romanian offshore.
BSOG, owned by Carlyle International Energy Partners and the European Bank for Reconstruction and Development, is a Romanian based independent energy company, targeting offshore development of gas resources in line with the European Union’s Zero Emissions Goal by 2050 by offering natural gas production as a transition fuel and providing vital infrastructure for the ability to develop green energy projects.
Considering BSOG’s developments and current activities in the Black Sea, one of the challenging particularities of the mandate successfully handled by Partner Siranus Hahamian and Senior Associate Lorena Vasvari, was represented by its integration with the existing gas production facilities.
Ijdelea & Associates works with a deep understanding of clients’ industries, and invariably factor in a commercial approach. This combination enables the firm to help its clients structure their projects and transactions most advantageously, mindful of time demands and with a view towards meeting their legal and business objectives.