Energy and natural resources

Energy is one of the most important and fast changing industrial sectors both on a global level, as well as on a national level in Bulgaria. The worldwide problems related to greenhouse gas emissions reduction, growing global demand, security of supply and ageing energy assets are combined with the local specifics of Bulgarian energy market, such as: difficult transition from a regulated and centralized to liberalized market, insufficient grid capacity and need of significant investments for development and extension of the electricity grid, increasing electricity prices, etc.

The above specifics combined with the technical progress, increasing competition and stricter and constantly changing regulations require new and complex products and flexible approach.

Our team has the industry specific knowledge, experience and know-how combined with many years of advising on various areas of law. Therefore, we are capable of providing tailored advice meeting our clients’ complex needs and supporting them in each stage of their investments.

Our lawyers have advised numerous national and international energy suppliers and industrial enterprises in the energy sector involved in different activities (generation, transmission, distribution and supply, trading) and in different energy sectors (e.g. electricity, heating, renewables).

We have solid experience in renewables, as a hot topic of the sector over the last few years. Our services include among all: due diligence of renewable projects in different stage of their development, assistance in acquisition and/or disposal of such projects, drafting of joint-development agreements, regulatory advice on project development, etc.

We render a vast variety of services in the energy sector, including:

  • Advice on the entire lifecycle of energy assets, from consenting and planning process, through construction, financing, operation and maintenance
  • Practical assistance to sellers and acquirers in M&A transactions
  • Advice on the regulatory regimes and applicable legal requirements to the activity of different market participants
  • Practical assistance in licensing and other regulatory procedures
  • Drafting and negotiating agreements between sector participants, etc.

Recent work:

Acquisition of City Center Sofia by Heitman Investment fund for €101.5m Acquisition of CCS

NBLO advised the investment fund Heitman European Property III on the €101.5m acquisition from Equest of the 'City Center Sofia', the most established and profitable urban shopping centre in Bulgaria. Since then, NBLO has been the sole provider of ongoing legal services to the Center, involving a variety of largely commercial property issues.

© New Balkans Law Office 2017