EVERLEGAL acted as legal counsel to UDP Renewables in a deal completion with Nebras Power

EVERLEGAL acted as legal counsel to UDP Renewables in a deal completion with Nebras Power, a global power development and investment company headquartered in Doha, Qatar.

EVERLEGAL team has provided comprehensive legal support to UDP Renewables in the transaction with Nebras Power QSC concerning completion of transfer of a controlling stake in a number of UDP Renewables operating solar power plants in Ukraine, namely: “Scythia-Solar-1”, “Scythia-Solar-2”, “Free-Energy Henichesk”, “Terslav” and “Sun Power Pervomaisk”. The Qatar company is becoming an active player in the renewable energy market of Ukraine.

EVERLEGAL team was led by Partner and Head of Energy practice Andriy Olenyuk, together with the professional Energy team consisting of Managing Partner Yevheniy Deyneko, Senior Associate Yuliia Kylchynska, Associates Olha Horodniuk, Lidiia Vatutina, and Anna Haidai. Our team provided comprehensive legal support to the client, including drafting and negotiating the documents for satisfying the conditions precedent to the completion, drafting and negotiating documents necessary for the transfer of a controlling stake to the purchaser, and providing legal advice on employment, banking, and regulatory matters.

• Support of this deal is of particular importance for EVERLEGAL since cooperation between Ukrainian and Qatar companies will significantly contribute to the development of national energy and bring Ukraine closer to implementing a long-term strategy of decarbonization of the economy.
• Furthermore, achieving these goals underpins the direction of sustainable development at EVERLEGAL, and our team is sincerely pleased to include another significant #Sustainability project into our team's results.

All members of EVERLEGAL team congratulate UDP Renewables and Nebras Power on a successful deal completion.