A&O Shearman has advised on the sale of a 96MW ready-to-build wind farm in eastern Romania, marking a significant milestone in the growth of the country’s renewable energy sector. The transaction involved the sale of the Ansthall wind farm by OX2 to HELLENiQ Renewables, a wholly-owned subsidiary of HELLENiQ ENERGY Holdings.
The project is supported by a 12-year virtual power purchase agreement (PPA) with Ahold Delhaize, a leading international retailer, covering more than 50% of the wind farm’s output. Once operational, the wind farm will generate approximately 309 GWh annually—enough to power 89,000 households and avoid around 99,000 metric tons of CO2-equivalent emissions per year—making it a key contributor to Romania’s renewable energy objectives and the broader energy transition in the region.
A&O Shearman played a pivotal role in structuring and executing this complex cross-border transaction. Our advice was instrumental in securing the long-term PPA structuring and construction aspects. The transaction was led by counsel Kamil Jankielewicz and supervised by partner Jarosław Iwanicki. The team also included senior associates Antoni Roszkowski and Farah el Yacoubi.