17 June 2013
Watson, Farley & Williams (“WFW”), a leading international law firm, is pleased to announce that it has advised UniEnergia in Romania on the project financing of a 3MW biogas plant, to be built in Camin in the province of Satu Mare, Romania.
WFW is advising UniEnergia during the construction and project financing of the project.
Having evolved from Unitelco Energia, UniEnergia is active in the renewables sector, especially focused on biomass, photovoltaic, hydroelectric and hybrid technologies. As a development and investment company, UniEnergia promotes initiatives, tenders and investments in the private and public sectors in joint ventures with banks and equity funds.
Biogas is one of the most attractive investment opportunities as they can create long-term profits of over 30 years, solving ecological problems of businesses and providing competitive advantages for them. The Camin project will see energy crops – mainly corn silage – used as raw material for the production of biogas. The obtained biogas – approximately 30,060 m3 per day – will be used to produce electrical and thermal energy, as well as solid and liquid organic fertilizers.
Partner and Head of WFW Italy Eugenio Tranchino is leading the team and is assisted by the associates Tiziana Manenti, Luca Sfrecola, and Micaela Tinti, as well as Raffaele Villa, who advises on the tax aspects of the transaction.
WFW Partner and Head of Italy at WFW, Eugenio Tranchino, said: “The interest shown by potential lenders is in sharp contrast with the current trends of a field – that of renewables in Romania – which is undergoing significant limitations due to the recent legislative changes introduced, among others, by the Romanian Law Decree no. 57 of 4 June 2013.”