Penkov, Markov & Partners is ‘well-known as leading consultants’ in the energy and natural resources sector, where the team has a proven track record advising on energy related project development, for example renewable energy systems (RES) or PV projects and infrastructure, energy related litigation as well as having a hand in the development of legislation in the sector. Vladimir Penkov has extensive knowledge in energy law; Nikolay Voynov specialises in cross-border energy projects and Atanas Valov advises power generation and distribution companies - combined they lead the team.
Testimonials
Collated independently by Legal 500 research team.
‘The team has a very deep knowledge in the water regulation of hydro power plants. They are always accessible and ready to listen to our problems, even if we have to make an emergency call on short notice. They deliver quick solutions which work in our favor.’
‘They have very significant experience with renewable energy and are one of the most recognised offices in the market in this niche.'
‘The negotiations, the due diligence and the whole deal were led by Atanas Valov, who aside from his real estate knowledge has also significant experience with solar energy. He has been vital for saving the deal on a few crucial moments and showed pragmatism, problem-solving approach, and mediation skills in order to achieve our goals. Nikolay Voynov, who is very prominent member of their Energy team, helped on the regulatory matters and the communication with the grid operator, where he showed high level of professionalism.’
‘Since the beginning of the development of the renewable energy in Bulgaria, Penkov, Markov & Partners have become well-known as leading consultants in that field. In the past years their team successfully participated in the realization of many projects and supported the ongoing business of others. Among other things, they also have excellent team of experts who are constantly active in public discussions on the energy development of the country.’
‘Atanas Valov is also very helpful to us in the field of energy law services. Apart from his experience in the energy related litigation, he also became a well-known practitioner in the advisory of ongoing energy projects. Nikolay Voynov, a well-known energy expert in the country, supported us many times by providing compliance and regulatory advisory services.’
‘Penkov, Markov and Partners consists of highly experienced, smart and capable individuals with in-depth knowledge and expertise in the field of Energy and natural resources.’
‘We've worked with Atanas Valov and Pavel Tsanov and we highly recommend them - both very intelligent and capable professionals, always available and ready to help and answer all of our questions. It is a great pleasure to work with them.’
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 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.
- Advised more than 60 RES producers on tort cases against the state for unlawfully collected fees with a total value of more than EUR 5,500,000.
- 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