Next Generation Partners

Energy and natural resources in Bulgaria

Boyanov & Co.

Boyanov & Co. is well positioned to advise on the development and construction of energy projects, with standout expertise in nuclear power projects. The group also has in-depth knowledge of green hydrogen, geothermal energy, and battery energy storage systems, and excels in regulatory and commercial disputes in the energy sector. At the helm of the practice, Alexander Chatalbashev is the go-to advisor for M&A transactions in the energy sector, including privatisation deals and divestment of interest.

Praxisleiter:

Alexander Chatalbashev


Referenzen

‚Great knowledge and experience in the Energy sector. Comprehensive understanding of the legal framework and procedures, with proven experience in communication and coordination with public institutions and regulatory bodies.‘

‚Attorney Petar Petrov takes a personal interest in every client’s case, approaching each matter with genuine dedication and a deep understanding of the client’s business, structure, and way of working. He goes beyond standard legal advice by offering both immediate support and long-term guidance, ensuring that clients receive comprehensive assistance throughout every stage of their legal matters.‘

‚An excellent team.‘

Kernmandanten

Westinghouse Electric


NewMed Energy Balkan Ltd.


ContourGlobal Maritza East 3 AD


UEG Clean Energy


EVN Bulgaria Renewables EOOD


Rezolv Energy


World Bank


DSK Bank AD


European Investment Bank


Goldman Sachs Bank Europe SE


J.P. Morgan SE


Citigroup Global Markets Europe AG


Ming Yang


SevlievoGas


Ideal Standard


Highlight-Mandate


  • Advised NewMed Energy Balkan Ltd. on the acquisition of 50% interest in a Black Sea gas exploration license from OMV Offshore, Bulgaria, a subsidiary of OMV Petrom.
  • Advised Westinghouse Electric in relation to its participation as a technology provider in the project for construction of two nuclear power units (unit 7 and unit 8) at the site of the existing NPP Kozloduy.
  • Advised a project owner on various regulatory, development and contractual issues related to the expansion of the project by adding a large co-located battery storage facility with support from the Bulgaria’s Recovery and Resilience Plan.

CMS

The wide-ranging energy and natural resources practice at CMS encompasses energy-related disputes and arbitrations, advice on the construction and purchase of facilities, and contracts work. The team supports clients across the renewables, wind, upstream oil and gas, and conventional energy industries. The group is led by three partners: Kostadin Sirleshtov has broad experience covering conventional, oil and gas, and nuclear energy; Dimitar Zwiatkow advises clients from the wind power, hydropower and photovoltaics field; and Borislava Piperkova, who was promoted to partner in April 2025, is an authority on renewables and carbon-free technologies.

Praxisleiter:

Kostadin Sirleshtov; Dimitar Zwiatkow; Borislava Piperkova


Weitere Kernanwälte:

Diyan Georgiev


Referenzen

‚Excellent client relationship management, responsiveness and accessibility, depth of team knowledge and international network. Excellent value for money and cost transparency.‘

‚Dimitar Zwiatkow and Konstantin Altandzhiyski demonstrate excellent understanding of our business and commercial awareness, excellent legal knowledge and ability in combination with innovative solutions.‘

‚The practice is unique in the way it combines technical expertise with a very practical, hands-on approach. The team is reliable, responsive, and focused on finding workable solutions, which makes them easy to engage with on complex matters.‘

Kernmandanten

Toshiba International


Rezolv Energy SA


Shell Exploration and Production 96 B.V.


OMV Offshore Bulgaria GmbH


Renalfa IPP


Aratiden


Chint


PPC


Taaleri Energia Finnland


United Bulgarian Bank


DSK Bank


Highlight-Mandate


  • Advised Toshiba International on a procurement contract with Bulgaria’s National Electricity Company for the rehabilitation of the 864MW Chaira Pumped Storage Hydropower Plant.
  • Advised Rezolv Energy on the €90m financing and development of the 229 MW “St. George” solar park in Bulgaria, including VPPA, EPC, and sustainability-linked aspects.
  • Advising the lender, DSK Bank, on the €58.5m financing to for the development of a PV plant, with a total capacity of 40 MW and BESS (93 MW/h).

Djingov, Gouginski, Kyutchukov & Velichkov

With a longstanding reputation for transactions in the energy sector, Djingov, Gouginski, Kyutchukov & Velichkov represents a range of banks, power generation and distribution companies and international investors. The group is equipped to handle pipeline development, power generation and distribution projects. Milan Pandev has longstanding experience in oil and gas upstream and pipeline development projects. Heco- leads the practice with Georgi Gouginski, who is adept at handling M&A deals and project financing in the energy space. At an associate level, Maya Mircheva is active in administrative litigation.

Praxisleiter:

Milan Pandev; Georgi Gouginski


Weitere Kernanwälte:

Maya Mircheva


Kernmandanten

EBRD and a syndicate of lenders


Akuo Energy


UniCredit Bulbank AD and EBRD


Vitol SA


ELEKTRORAZPREDELITELNI MREZHI ZAPAD EAD (formerly CEZ RAZPREDELENIE BULGARIA)


ContourGlobal


Axpo Bulgaria EAD


Centrales Hydroelectriques de Bulgarie


Shanghai Sensheng Assets Management


HPP Svoge


Highlight-Mandate


  • Acted as Bulgarian legal counsel to the syndicate of lenders — EBRD, Black Sea Trade and Development Bank, OTP Bank, NLB Bank, UniCredit, and Kommunalkredit, in connection with a €315m HoldCo financing for Renalfa IPP, a regional renewables platform.
  • Advised the Bulgarian arm of Akuo Energy in a contemplated acquisition of ten hydro power plants in Bulgaria, with total installed power capacity of 22 MWs, owned by five project companies.
  • Representing ELEKTRORAZPREDELITELNI MREZHI ZAPAD EAD before the Court of Justice of the EU for a preliminary ruling relating to the interpretation of Directive (EU) 2019/944 on common rules for the internal market for electricity, Regulation (EU) 2019/943 on the internal market for electricity and Directive 2011/83 on consumer rights.

Kambourov & Partners

Kambourov & Partners is home to an experienced energy and natural resources team that frequently assists with the development of renewable energy projects, electricity and gas infrastructure, and investments. The group represents a wide array of clients including energy project developers, investor-owned utilities and lenders. At the helm of the practice, Stefan Tzakov is particularly impressive in energy-related disputes, with experience before Bulgarian courts, the Energy and Water Regulatory Commission and the Ministry of Economy and Energy. Another key member of the team is Irena Petkova, whose practice has a notable emphasis on energy projects and regulatory matters.

Praxisleiter:

Stefan Tzakov


Weitere Kernanwälte:

Irena Petkova


Referenzen

‚The energy and natural resources practice is recognised for its comprehensive industry knowledge and ability to deliver practical, commercially focused advice across the entire energy value chain. The team advises major domestic and international clients on regulatory compliance, project development, M&A, financing, and energy trading matters.‘

‚The practice has extensive experience in renewable energy projects, including solar, wind, and biomass developments, as well as expertise in oil and gas, electricity market regulation, and infrastructure. Its lawyers are particularly valued for their deep understanding of the local regulatory framework and their ability to guide clients through permitting, licensing, and grid-connection processes.‘

‚Stefan Tzakov is a leading practitioner in the firm’s energy and natural resources practice, recognised for his deep understanding of energy regulation, project development, and infrastructure transactions. He advises both domestic and international clients on the full spectrum of energy-related matters, including renewable and conventional power projects, licensing and permitting, energy trading, and regulatory compliance.‘

Kernmandanten

Kozloduy Nuclear Power Plant (NPP) – New Build EAD


Enerjisa Commodities B.V.


Balkan Logic


MVM Partner Zrt.


Trafigura Nat Gas Limited


Tessa Energy


Gastrade SA


NEPI Rockcastle/Sofia Commercial Centre EOOD


United Group


А29 Energia Bulgaria EOOD


Uniper Global Commodities SE


SD Gas & Power S.R.L.


ČEZ


Correggio Consulting


European Energy A/S, Denmark


Gray Stone OOD, Bulgaria


Nova Power & Gas S.R.L, Romania


Mitsui Bussan Commodities SA, France


Metlen Energy & Metals S.A.


Highlight-Mandate


  • Advising Kozloduy NPP – New Build EAD on the development of Bulgaria’s second nuclear power plant, a €14bn project involving two 1000 MW reactors using AP1000® technology, to be constructed by Westinghouse and Hyundai.
  • Assisted Metlen with its acquisition of a 75% stake in Most Energy JSC’s energy trading business, a key step in Metlen’s regional expansion.
  • Advising Balkan Logic, a Bulgarian energy company, on the acquisition of a 70 MW wind energy project in Strazhitsa.

Schoenherr

Schoenherr places a strong focus on advising clients on acquisitions and the development and implementation of energy projects, including wind and PV plants, and upstream and downstream oil and gas. The group also has established experience in EU policy, licensing and permitting, and represents clients in the renewable energy, green finance and oil and gas industries. Spearheading the practice, Dimitar Kairakov is devoted to energy projects in the renewable, oil and gas and electricity fields. Stefana Tsekova is another active member of the team, who has a proven track record in energy acquisitions and project financing.

Praxisleiter:

Dimitar Kairakov


Weitere Kernanwälte:

Stefana Tsekova


Referenzen

‚Ambitious and driven team of professionals with diverse expertise, educational and professional background led by highly experienced senior associates and partners. Extremely knowledgeable and client-focused on every step of the legal consultation and service process. The team combines deep understanding of the legal issues with commercial acumen.‘

‚Dimitar Kairakov capable of handling any issue thrown at him with impressive composure, calmness and attention to detail. The great communication contributes to the effective resolution of any legal issue.‘

Kernmandanten

EBRD, Beneficiary: Ministry of energy


OMV Bulgaria


OMV Petrom


Adriatic Metals Plc


METLEN


Enery Element


Tsenovo Solar Plant EOOD


MET Group


Engie Romania S.A.


Windkraft Simonsfeld AG


RGREEN Invest SAS


IBH S.r.l.


Enery Development GmbH


European Commission


Edison Italy


UniCredit Bulbank AD


Société Générale Expressbank


RWE


Raiffeisen Bank International AG


Highlight-Mandate


  • Advising EBRD and the Ministry of Energy on the implementation of Investment 6 (1.4 GW RES and Batteries Project) and Investment 8 (3 GW storage – RESTORE Project) under the Recovery and Resilience Plan with total value of over €1bn, .
  • Advising EBRD and the Bulgarian and Romanian Ministries of Energy on the development of a regulatory framework for green and low-carbon hydrogen.
  • Advising Adriatic Metals Plc („Adriatic“) on an acquisition of the entire issued share capital of Adriatic by Dundee Precious Metals Inc.

Wolf Theiss

The energy and natural resources practice at Wolf Theiss supports clients throughout the entire project lifecycle, from initial financing and compliance to overseeing construction and developments. It has a proven track record in the acquisition of renewable energy projects, and represents multinational corporations, financial institutions and suppliers. The team is jointly led by Anna Rizova and Radoslav Mikov: Rizova has notable specialism of the energy regulatory framework, whilst Mikov is a key advisor on energy litigation. Oleg Temnikov is another active member of the team, who has experience in financing structuring and dispute resolution matters.

Praxisleiter:

Anna Rizova; Radoslav Mikov


Weitere Kernanwälte:

Oleg Temnikov


Referenzen

‘The team of Wolf Theiss were extremely proactive and supported our team on all the aspects of the contractual package including on a variety of technical, financial, regulatory and compliance matters. With their support we achieved very satisfactory results and balanced contracts which defend the interests of our company. The entire team of the company is extremely happy with their services and the level of competences and involvement in the project.‘

‚Radoslav Mikov has led the team. Devoted, focused and extremely knowledgeable and competent professional with extensive experience and awareness of the energy market and its specifics. Radoslav was very approachable and always available to provide support and discuss the most important aspects of the contractual negotiations. His negotiation strategy was very well structured and allowed us to gain very good final results.‘

‚The team’s combination of regulatory depth, commercial pragmatism, network within the area and cross-disciplinary coordination made a clear difference to the transaction. They demonstrated exceptional ability to bridge EU-funded project requirements, local permitting and grid-connection rules, and complex contractual structures under both Bulgarian and international law.‘

Kernmandanten

OMV Petrom


MET Group


Gardawind S.r.l., Italgen S.p.a., Leitwind


Kommunalkredit


Green Profit


Belozem Solar Park 3


Electrohold Bulgaria


Galabovo Solar BG


Mundoro


Metlen Energy & Metals (formerly Mytilineos)


Highlight-Mandate


  • Advised OMV Petrom on the acquisition of a 50% shareholding and the formation of a joint venture with Enery for a large-scale hybrid photovoltaic power plant and battery energy storage system (BESS) project in Bulgaria.
  • Advised Raiffeisen Bank International (RBI) on the project financing of three solar power plants developed in Bulgaria.

Andrey Delchev and Partners - Eurolex Bulgaria

Andrey Delchev and Partners - Eurolex Bulgaria is a refence in the market for energy projects, advising on financing structures, licensing matters and regulatory compliance. The group also supports clients on disputes in the energy sector, M&A transactions and competition matters. Practice head Andrey Delchev has extensive experience in energy mandates, including international projects and disputes, with particular expertise in the oil and gas industry. Magdalena Valova is another active member of the team.

Praxisleiter:

Andrey Delchev


Weitere Kernanwälte:

Magdalena Valova


Referenzen

‚The team responds very fast, and they explain legal issues in plain language without unnecessary complications, which saves our time in internal discussions. Their lawyers understand our business sector well, so they give practical advice instead of just theoretical legal opinions.‘

‚We are extremely happy with Magdalena Valova, who is always there for us and provides us with her expert knowledge and support.‘

‚The team combines deep legal expertise with real understanding of business needs. They are practical, approachable, and always focused on solutions. What sets them apart is speed, clarity, and consistency—qualities we do not see as often with other firms. They are flexible on billing, open in communication, and easy to collaborate with across departments and borders. For us, they feel less like external lawyers and more like trusted partners.‘

Kernmandanten

Assarel-Medet JSC


Bulgarian Mining Chamber


Bulgarian Petroleum and Gas Association


Electrohold Bulgaria EAD / (CEZ Group)


Sungrow Renewable Energy Investment PTE. Ltd., China


World Bank


Lukoil Group


Arrowbio


Hydrolia AD


“Kalcit” Ltd.


Highlight-Mandate


  • Advised Lukoil Bulgaria in relation to proceedings before the Commission for Protection of Completion initiated against two companies of the Lukoil Group in Bulgaria.
  • Advised an NGO client on the applicable fuel market regulations (e.g. protection of competition, cartel or abuse of a dominant position charges).
  • Advised Sungrow Renewable Energy on the acquisition and construction of solar power plants in Bulgaria.

Dinova Rusev & Partners

With in-depth knowledge of Bulgarian and EU regulatory frameworks, Dinova Rusev & Partners is geared to support clients in energy compliance, licensing and grid access matters. The team has a track record acting on M&A deals in the energy sector, project financing, the development of green energy projects and dispute resolution. At the head of the practice, Iliya Grozdanov is well versed in matters related to energy, particularly renewables and electricity trading. Radoslav Zahariev is a further key contact.

Praxisleiter:

Iliya Grozdanov


Weitere Kernanwälte:

Radoslav Zahariev


Referenzen

‚The team not only has an excellent understanding of key RES legal issues but were able to provide important commercial insights based on deep local market knowledge.‘

‚Dinova Rusev & Partners takes a leading role in shaping the policy debate through BGWEA and other industry bodies. The firm also has taken on sector-defining litigation, such as defending the Bulgarian wind industry under the Bern Convention.‘

‚Iliya Grozdanov is highly visible, well-versed in his brief, and articulate in the policy debate on implementing the Green Transition in Bulgaria.‘

Kernmandanten

CCI


Casori SLR


Yar Power SLR


KMM Solar


Capao AI


Ignitis Renewables


Taaleri Energia


United Group


Orenergy


CPC Bulgaria


CWP Global


Idea Solare S.R.L


Local Energy Supply


Kaliakra Wind Power


Kellag (Windfarm Balchik)


Interenergo


Gorubso Kardzali


Highlight-Mandate


  • Advised Taaleri Energia on its acquisition of 600 MW PV and 600 MW BESS power plant.
  • Advised CWP Global on EIA disputes for a c. 200 MW wind power project.
  • Advised United Energy on EPC contract for construction of 80 MW wind project.

Georgiev, Todorov & Co

Energy litigation is at the heart of the practice at Georgiev, Todorov & Co, with a focus on the renewable energy space. The group also stands out for its work in energy infrastructure and development projects, such as battery energy storage systems. Leading the team, Ivan Todorov has notable experience in administrative procedures, whilst practice co-head Nikolay Lazarov handles acquisition of concession rights clients in the energy sector. At an associate level, Dobrina Pavlova is a key contact for electricity clients.

Praxisleiter:

Ivan Todorov; Nikolay Lazarov


Weitere Kernanwälte:

Dobrina Pavlova


Referenzen

‚The energy and natural resources team stands out for its deep sector knowledge and understanding of the commercial realities that drive projects in this field. They are responsive, reliable, and able to handle complex regulatory and transactional issues with clarity. Potential clients would value their ability to coordinate across multiple stakeholders and maintain momentum in challenging processes. The team works in a collaborative and straightforward manner, which makes negotiations smoother and helps to resolve issues efficiently. They have also done an excellent job in preparing and managing the documentation for submission to the Energy and Water Regulatory Commission (KEVR).‘

‚The individuals I have worked with stand out for their professionalism, responsiveness, and ability to navigate complex regulatory processes. I was particularly impressed with the excellent work done in relation to the EWRC documentation, which was handled with precision and efficiency. I would like to highlight Dobrina Pavlova, who has been especially effective in coordinating this process and ensuring that all requirements were addressed thoroughly and on time.‘

‚The team stands out for its ability to combine deep sector knowledge with commercially focused legal advice. We value the team’s ability to anticipate regulatory developments and align legal strategy with business objectives. I find that the team is particularly strong in project development and financing. The lawyers bring together strong regulatory expertise and project finance capabilities. Compared to other firms the practice differentiates itself by offering not only technical legal excellence but also a collaborative, solution-driven approach.‘

Kernmandanten

Asarel Medet JSC


Dundee Precious Metals Chelopech


Tibiel


Zhrebchevo hydroelectric power plant


Galabovo Solar BG EOOD


Kaloyanovo Solar BG (former Galaxy Re)


Grand Energy Distribution EOOD


Karlovo Solar BG


Hydroenergy Construction EOOD; KK Hydro OOD


Thermal Power Plant Bobov Dol


Thermal Power Plant Maritsa 3 AD


Thermal Power Plant Ruse AD


Trakia MT Solar EOOD


Union of the producers of Green Energy


C Solar Energy


Belozem Solar Park 3 EOOD


Park Ramanusha


Struma Solar Plant


Top Energy Solutions


Green Energy 2021


SBR 22


Highlight-Mandate


  • Advising Bolkan Mineral and Mining EAD, a subsidiary of DUNDY PRECIOUS METALS KRUMOVGRAD EAD, on the preparation of the contract for the granting of a concession for the extraction of underground resources.
  • Advising Toplofikatsiya Ruse AD (Thermal Heating Plant Ruse) on a dispute concerning the sale of coal before the Stockholm Chambers of Commerce together with Vail Dispute Resolution.
  • Advising Galabovo Solar BG, Kaloyanovo Solar BG (former Galaxy RE) and Karlovo Solar BG on the procedure for obtaining of licenses for the activity production of electricity for photovoltaic power plants with total capacity of above 400 MW.

Kinstellar

With significant expertise in renewables, the energy and natural resources team at Kinstellar excels in the development and acquisition of photovoltaic and wind plants. The practice is noted for its capabilities in greenfield RES projects, gas trading and project financing. Mladen Minev is an authority on regulatory, policy and compliance matters, whilst Diana Dimova comfortably handles acquisitions in the energy sector. In October 2024, the team was strengthened by the addition of Mihaela Dimitrova from Gugushev & Partners Law Office.

Praxisleiter:

Mladen Minev; Diana Dimova


Weitere Kernanwälte:

Mihaela Dimitrova


Referenzen

‚Kinstellar has become our trusted legal advisor on all energy-related matters, including multiple renewable energy projects currently under development. We have been consistently impressed with the depth of their expertise and the excellent quality of their advice. They have proven themselves as the leading energy practice in the Bulgarian market, setting the benchmark for both technical excellence and practical, business-oriented advice.‘

‚The team combines outstanding technical knowledge of the energy industry with a pragmatic, commercial approach that is essential in this sector. Their responsiveness and commitment are exceptional – they act not just as legal advisors, but as strategic partners who truly understand the business imperatives behind our projects.‘

‚Mladen Minev’s extensive expertise and meticulous attention to detail gave us great confidence throughout the process. He is very proactive in identifying potential challenges early on and ensures our interests are fully protected. His remarkable strategic thinking and in-depth understanding of the sector consistently exceeds our expectations, ensuring precise handling of all aspects of our projects.‘

Kernmandanten

European Bank for Reconstruction and Development


Raiffeisen Bank International AG


United Energy Group


Photosol Développement SAS


Motor Oil Renewable Energy SA


MVM CEEnergy Zrt.


TotalEnergies Renewables Bulgaria EOOD


Sun’R International SAS


DXT International SA


Direct Petroleum Bulgaria


Highlight-Mandate


  • Advising European Bank for Reconstruction and Development (EBRD) and Raiffeisen Bank International AG on the financing to Tenevo Solar Technologies for the construction and operation of a hybrid (power generation and electricity storage) project.
  • Advising United Energy Group on the acquisition of Green Profit EOOD.
  • Advising Photosol Développement SAS on its entry into the Bulgarian market, including advice on the acquisition of three renewable energy projects.

Penkov, Markov & Partners

The energy and natural resources team at Penkov, Markov & Partners is well known in the market for litigation before civil and administrative courts, in addition to services in project development. The practice is led by three capable partners: Vladimir Penkov has in-depth knowledge of the sector, with experience drafting legislation; Nikolay Voynov is active in energy projects and regulatory matters; and Atanas Valov handles the full range of disputes and M&A deals in the energy space.

Praxisleiter:

Vladimir Penkov; Nikolay Voynov; Atanas Valov


Referenzen

‚Fully capable and knowledgeable team of dedicated lawyers and legal practitioners. They build-up on the expertise of their founders, and continue making a difference in their day-to-day work and strategic cases, as well as in policy building in cooperation with other stakeholders, such as the bilateral chambers.‘

‚Vladimir Penkov has a strategic mind, encyclopedic thought, and wisdom.‘

‚Nikolay Voynov has profound expertise in Energy and other sectors.‘

Kernmandanten

EURA Energy (subsidiary of Eurowind Energy and Renalfa)


Mondi Stambolijski EAD


Zlatna Panega Cement AD


More than 60 RES producers affected by the 20% access fee which was pronounced unlawful by the Constitutional Court with a Decision No. 13/31.07.2014


Energy MT EAD


Knauf Bulgaria EOOD


Eurowind Energy A/S (former EnergiMidt Renewables A/S), Denmark


Minstroi Holding Group


Aenerg Group


Solar group


Global Biomet EOOD


Akuo Energy


GD Capital Management AD


Marvik Pastrogor EOOD


Dana Bulgaria EOOD


AGRIA AD


CHINA DEVELOPMENT BANK


Eurostar OOD


Highlight-Mandate


  • Advised EURA Energy on a on the development of a photovoltaic plant project with a total capacity of 237 MW (with a potential for increase to up to 320 MW) near the village Tenevo.
  • Advises the coordinator of balancing group Energy MT EAD and the clients in its balancing group on the appeal for partial abolition on the new Methodology for determination of the prices on the electricity balancing market.
  • Advised Energy MT EAD on the appeal against the regulator’s decision for imposition of fine under the first REMIT case in Bulgaria on alleged market manipulation according to the provision of Art. 5 of REMIT.

Bouzeva & Partners Law Firm

The energy and natural resources team at Bouzeva & Partners Law Firm is noted for its capabilities in gas infrastructure, delivery, and transmission contracts. The group is also well versed in renewable projects such as energy storage facilities, PV power plants and geothermal energy, and has proficiency in energy disputes. Nikolay Daskalov leads the practice with in-depth knowledge of energy transactions, in addition to contractual and regulatory matters. Milena Muraveeva is an additional name to note.

Praxisleiter:

Nikolay Daskalov


Weitere Kernanwälte:

Milena Muraveeva


Referenzen

‚When it comes to energy, this team can move mountains. They have true sector-depth combined with flawless client service. They deliver a full stack of services, from commercial and regulatory work, to energy financing, abuse-of-dominance guardrails and energy litigation. The firm has local roots, but their delivery is on a global level.‘

‚Nikolay Daskalov is our go-to strategist on complex energy mandates. He has deep market knowledge and is very international in his approach. Very responsive, proactive in stakeholder management and always brings forward bankable solutions.‘

‚Bouzeva & Partners has a very valuable and broad strategic experience and knowledge in the energy sector in Bulgaria. The team provides exceptional and solution-oriented legal services with attention to the detail. The legal team is able to handle almost any legal issue and matter that may come to the client’s way high professionalism and dedication.‘

Kernmandanten

Bulgargaz


Bulgarian Electricity System Security Fund


Bulgarian Energy Holding


Bulgartransgaz


Meridiam SAS


ICGB (Natural Gas Interconnector Greece-Bulgaria)


Sofia Municipality


REWE Group / BILLA


SOF Connect (concessionaire of Sofia Airport)


Most Energy AD


IBEX (Independent Bulgarian Energy Exchange)


Highlight-Mandate


  • Represented the Bulgarian Energy Holding, and its subsidiaries Bulgargaz and Bulgartransgaz in an antitrust case before the General Court of the EU, resulting in full annulment of the EC’s decision regarding an alleged abuse of dominant position in the energy sector.
  • Advising ICGB, the joint venture responsible for the development of the Gas Interconnector Greece – Bulgaria (IGB pipeline), on the EPC procurement framework for the IGB pipeline’s capacity upgrade.
  • Advised the Independent Bulgarian Energy Exchange on the launch of new auctions sub-segment for purchase of energy by end suppliers delivering power to households.

Dimitrov, Petrov & Co

Dimitrov, Petrov & Co supports clients throughout the entire lifecycle of energy projects, such as wind and solar developments. The group advises on compliance, licensing, financing and construction matters, and is also active in transactions and litigation in the energy sector. Spearheading the team, Pencho Stanchev has extensive experience in energy disputes such as regulatory litigation and commercial lawsuits. Alexander Georgiev is another key member of the group.

Praxisleiter:

Pencho Stanchev


Weitere Kernanwälte:

Alexander Georgiev


Referenzen

‚Dimitrov, Petrov & Co’s is uniquely positioned in the energy and natural resources sector thanks to its deep market knowledge, adaptability, and client-focused mindset. The team combines constant accessibility and lightning-fast responsiveness with uncompromising quality. Their strength lies in providing pragmatic, business-oriented advice that reflects a real understanding of the sector’s complexities.‘

‚In a market often shaped by sudden regulatory changes and industry disruptions, they stand out for their ability to deliver flexible, innovative solutions that anticipate risks and create opportunities. Their seamless teamwork ensures clients benefit from clarity, efficiency, and results-driven strategies that compare favorably with any other firm in the field.‘

‚I would particularly praise Pencho Stanchev, who brings strategic oversight and deep knowledge of the energy regulatory framework, and Alexander Georgiev, who is extremely detail-oriented, practical, and excellent at coordinating across different workstreams. Together, they make a strong and trustworthy team that has been key to the success of our investments. Both Pencho and Alexander are proactive, reliable, and always responsive, which is essential in such complex and time-sensitive projects.‘

Kernmandanten

Eura Energy


Vinitsa Forest


Mareshki Group


Most Energy


Keramik AD


Pasabahce Bulgaria


Highlight-Mandate


  • Advised Eura Energy in connection to securing over €150m in funding through the establishment of pledges and securities on its renewable energy projects in Bulgaria.
  • Advised the Mareshki group of companies on the acquisition of a 40 MWh stand-alone battery storage project and development of 200 MWh battery storage system.
  • Advised Pasabahche Bulgaria in the conclusion of a Liquefied Petroleum Gas (LPG) distribution contract with GAS Bulgaria EAD.

BWSP Ilieva Voutcheva & Co Law Firm

With a notable emphasis on the renewable energy sector, BWSP Ilieva Voutcheva & Co Law Firm comfortably handles the permitting, financing and long-term operation of solar and wind projects. The practice also supports clients requiring advice on battery energy storage systems. Led by Diliana Ilieva and Rossitsa Voutcheva, the team excels in regulatory and transactional matters, representing developers and investors in the energy space.

Praxisleiter:

Diliana Ilieva; Rossitsa Voutcheva


Weitere Kernanwälte:

Donika Ilieva


Referenzen

‚The law firm has provided very solid availability, effectiveness and guidance in difficult transactions; they provide valuable support in M&A transactions and other contractual aspects, and are always conscious of timelines and fees.‘

‚Diliana Ilieva and Donika Ilieva are both very skilled and experienced professionals. They are able to provide assistance in complex deals up to the finish line, with persistency, efficiency and proactiveness.‘

Kernmandanten

Hec Solar Ltd.


Renergy Jsc


Highlight-Mandate


Gugushev & Partners Law Office

Gugushev & Partners Law Office is frequently sought out for advice on renewable energy development, market regulations and environmental compliance, with experience of wind, solar and hydro plants. Stefan Gugushev and Kostadinka Deleva lead the team, supporting clients throughout the full lifecycle of energy projects, including licensing, development and construction. Mihaela Dimitrova left the team in October 2024.

Praxisleiter:

Stefan Gugushev; Kostadinka Deleva


Referenzen

‚Gugushev & Partners’ energy team stands out with deep knowledge of both law and the realities of electricity and gas trading. They support us with contracts, compliance, and reporting, always giving quick and practical solutions. Stefan Gugushev and Kostadinka Deleva work as a strong team, and compared to other firms, they bring real understanding of the energy sector to their legal advice.‘

‚Stefan Gugushev and Kostadinka Deleva stand out with their professionalism, quick reactions, and deep knowledge of the energy sector. They are always available, give clear and practical advice, and work together very effectively. What makes them different is their ability to combine strong legal skills with a real understanding of our daily business needs.‘

‚Gugushev & Partners’ Energy team stands out with deep knowledge of the market and strong legal skills. They support us with compliance, contracts, and daily operations, always giving clear and practical advice. Stefan Gugushev and Kostadinka Deleva are responsive, reliable, and focused on solutions that fit our business.’

Kernmandanten

Helios Projects JSC


Urbasolar SAAS


El Bonus LTD


Highlight-Mandate


  • Advising Helios Projects JSC on an ongoing basis regarding all legal aspects related to their business activities in the renewable energy sector in Bulgaria.
  • Advising the Bulgarian subsidiary of Urbasolar in connection to the operation of their solar park in Bulgaria and on the legal framework and regulations in the renewable energy sector in Bulgaria.
  • Represented El Bonus EOOD before the Ministry of Energy, advising throughout the process of signing relevant agreements.

Komarevski Dimitrov & Partners, Attorneys-at-Law

Komarevski Dimitrov & Partners, Attorneys-at-Law deals with a variety of natural gas and renewable energy projects, advising on the design, construction and ongoing operation. The practice is led by Aleksandar Aleksandrov and Venelin Dimitrov.

Praxisleiter:

Aleksandar Aleksandrov; Venelin Dimitrov


Highlight-Mandate