Buy-side and sell-side review
Land, permits, grid, ANRE, contracts, litigation, SPV and authority correspondence.
Energy M&A Romania / Romania
Energy transactions where diligence must read the project, not only the SPV.
We assist buyers, sellers, lenders and developers with Romanian renewable and BESS transactions, including legal due diligence, red flag reports, SPAs, CPs, bankability and financing support.
Discuss your projectThe decision in front of you
Which risks must be resolved before you commit capital?
Romanian energy M&A is rarely just corporate title. Project value sits in ATR quality, land control, permits, ANRE status, contracts, technical assumptions and whether a lender or buyer can rely on the file.
Our response
A clear position. A practical next step.
We test whether project value is supported by land, grid, permits and contracts. We translate diligence into CPs, security and bankability conditions.
What we do for you
We agree the depth of the review and the work needed for your decision. The scope can cover the following workstreams.
Risk allocation
Conditions precedent, warranties, indemnities, price adjustment, retentions and earn-outs.
Project maturity testing
Whether RTB, near-RTB or early-stage status is supported by evidence.
Lender diligence
Bankability reports, legal opinions, CP checklists and security package review.
Project document review
EPC, O&M, PPA, direct agreements and assignment restrictions.
Execution discipline
Closing agendas, corporate approvals, filings and post-closing regulatory steps.
From instruction to delivery
How we move your matter forward
Clear responsibilities, a documented position and actions tied to the next decision.
- 01
Read the data room
Identify missing, inconsistent or non-bankable documents early.
- 02
Translate to deal terms
Convert red flags into CPs, warranties, price protection or walk-away logic.
- 03
Close with control
Track approvals, filings, signing authority and post-closing actions.
Selected project experience
Anonymised examples of legal mandates. Client identities and commercial details are not disclosed.
Five-project RTB acquisition programme
Legal support for one client across a package of five Romanian energy projects, connecting the acquisition of project SPVs with the underlying development documents.
Our role
MoU and SPA work, legal due diligence and coordination of project findings with the transaction documentation.
Legal support delivered
An integrated legal workstream across the five-project package, bringing the commercial terms, project review and acquisition documents together.
OEM, EPC, project finance and implementation
An integrated legal mandate for one client covering the contractual, financing and implementation workstreams of an energy project.
Our role
Legal support on OEM and EPC contracts, project-finance documentation and the contractual framework for implementation.
Legal support delivered
Continuity of legal support across equipment procurement, construction contracting, financing and implementation, with the documents considered as a connected project package.
Three-project SPV acquisition mandate
Legal support for a client pursuing three Romanian energy-project acquisitions through project SPVs.
Our role
MoU and SPA work and legal due diligence across the acquisition programme, linking the review of each project to its transaction documents.
Legal support delivered
Coordinated legal support across three acquisitions, maintaining a common approach to project review and transaction documentation while addressing each project's particular issues.
First conversation
Start with the essentials
- SPA
- SHA
- red-flag report
- data room
- CP list
- disclosure letter
- financing conditions
- corporate approvals
Questions before you instruct us
What is checked in renewable energy due diligence in Romania?
Diligence should cover SPV title, land, permits, ATR, connection agreement, ANRE, contracts, litigation, authority correspondence and financial/legal assumptions.
Can grid rights be transferred in Romania?
Transferability and continuity of grid rights must be checked against the project structure, ATR, connection agreement, project company and regulatory context.
What does RTB mean in energy M&A?
RTB should be defined in the transaction documents by reference to specific permits, grid documents, land rights, ANRE status and project contracts.
Your next step
Discuss your project
Tell us the issue, the parties involved and the decision date. We will agree the scope and next steps with you.
Energy Century XXI SRL
Energy Transactions
Sell, acquire or finance an energy project in Romania. Start with your objective; we coordinate the right next steps.
01
Sell a Project →
Find suitable buyers. Prepare and coordinate the sale. Stay supported throughout the transaction.
Success fee 3–6%
02
Buy a Project →
Identify projects that fit your investment criteria, with no commission for project introductions.
No commission for introductions
03
Finance a Project →
Identify and structure financing for development, construction, acquisition or refinancing.
Success fee only
Commercial intermediation and financing facilitation are provided by Energy Century XXI SRL. Legal services are provided by Grigorescu Partners under a separate engagement, subject to a conflict check. Technical and implementation workstreams are agreed separately.