| Legal due diligence during purchase of a renewable energy project |
| Purchase of a ready project for photovoltaic or wind power plant, as any other project, is always preceded by verification of economic feasibility, technical preparation and legislative status of the project, or so-called due diligence (DD). |
| As a major activity in this area our team offers legal due diligence in Bulgaria prior a disposal transaction, which includes representation in the acquisition of the project, report for inspection of terrain, the company owner of the project and the authenticity of the documents available. |
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| Basic actions in the legal due diligence |
 Investigation of the company owner of the project - legal status, due taxes, legal claims, contracts, mortgages, litigation and fines. |
| Survey of the terrain on which the facility will be build, including history of owners, way of acquisition by the company, ownership documents, study for property rights and servitudes, claims by authorities or other persons for ownership. |
| Survey of zoning plan of the terrain and the documents it’s based on. Check for active or in project general zoning plans, affecting the land or influencing conduct business. |
| Study of conditions for accession and the preliminary or final accession contract with the electricity transmission or distribution company. |
| Study of assessment for environmental impact EIA (if existed). |
| Study of building permit and technical or conceptual project on which basis the building permit is based. |
| Study of easements on the infrastructure, used for accession of the facility to the transmission or distribution grid. |
| Study the accuracy and terms of all secondary documents concerning the project. Decisions of the RIOSV, RIOKOZ, regional directorates, and others. |
| Representation of the investor in the whole process and documentary clearance of the acquisition of the company or any other special purpose vehicle - SPV. |
| Preparation of the financial relations, opening of ESCROW account, bank guarantees etc. |
| Investigation of other documents, requested by the investor. |
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| Performing project due diligence we guarantee the authenticity of examined documents, we advise investors on important issues, terms of contracts, hidden facts and other important factors affecting the successful implementation of the power plant. |
| Our responsibility in carrying out examination is professionally insured and this contributes to reduce the risk for the investor during the transaction on acquisition of project. |
| The time needed to perform due diligence depends on the complexity of the specific transaction and the location of the project – subject of transaction, as the minimum term is 2 days. |
| Energy project due diligence cost is determined individually for each client and depends on the volume of work performed, you can contact us for more details. |
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