The ‘exceptional’ energy team at Penkov, Markov & Partners handles a broad range of mandates, including energy projects across solar, wind and hydropower, as well as contentious matters before the civil and administrative courts. The practice is led by a trio of practitioner: Vladimir Penkov, who has extensive experience in the drafting of energy legislation, Nikolay Voynov, who is well versed in energy projects and concessions, and disputes expert Atanas Valov.
Testimonials
Collated independently by Legal 500 research team.
‘Nikolay Voynov and Atanas Valov from Penkov, Markov & Partners have demonstrated unconditional professionalism. Notable is their desire to constantly upgrade and acquire experience and expertise in ever wider aspects of their work, as well as their uncompromising knowledge of legal practice in the context of local and European legislation.’
‘The team has a deep knowledge on the energy sector and specifically the hydro power plants regulation in Bulgaria and EU. The team is quickly responsive for meetings and delivers in short time high-quality work which is of significant value to us.’
‘They have a very well prepared team in the sphere of energy efficiency. They know the administrative procedures and showed true understanding of the technical aspects of the case while being in joint meetings with our technical consultants.’
‘They have a very high reputation on the renewable energy market. They are very experienced in relations with the regulators and the grid operators, deep knowledge of any applicable procedures and the commercial models of the business.’
‘Atanas Valov is a very experienced lawyer with practical insight of the sector. He deals both with project development and resale of solar parks and with any type of energy litigation. Nikolay Voynov is a very prominent expert with huge experience in the whole energy sector, he is almost encyclopaedic when approached with questions. We used his services when need a better understanding of the sector and business when decided whether to enter it as a side activity.’
‘Their energy law team is exceptional - combining a wealth of knowledge and constant development on all energy law matters. In this area of the legal services market I think they are the strongest law firm in Bulgaria.’
‘Penkov, Markov & Partners have a strong energy team, lead by Atanas Valov. With particular focus on real estate aspects and litigations, they have acquired considerable experience and market visibility.’
‘Knowledgeable team with specialists in different areas. The team can cover a wide spectrum of legal issues. The collaboration between the different members of the team ensures qualitative and on-time service. The legal firm uses not only the experience of its team but also its contacts with various state institutions in order to guarantee that the legal interpretation and advice are practical.’
Key clients
- EURA Energy (subsidiary of Eurowind Energy and Renalfa)
- Mondi Stambolijski EAD
- Zlatna Panega Cement AD
- Energy MT EOOD
- 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
- CEP Renewables SL
- AGRIA AD
- CHINA DEVELOPMENT BANK
- Eurostar OOD
Work highlights
- Advised EURA Energy on a on the development of a photovoltaic plant project with a total capacity of 237 MW near the village Tenevo.
- Advises the coordinator of balancing group Energy MT 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 one of the leading Bulgarian electricity traders Energy MT 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.
Practice head
The lawyer(s) leading their teams.
Vladimir Penkov, Nikolay Voynov, Atanas Valov