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Energy

Forgó, Damjanovic & Partners Law Firm has advised clients in the energy sector for more than two decades, being active both in the traditional oil and gas sector and in renewables. We advise Hungarian and international investors, developers, generators and energy traders on transactions, project financing, regulatory matters and energy-sector contracts.

A key strength of our practice is renewable energy M&A. We advise on the acquisition and sale of energy projects throughout the transaction process, including legal due diligence, transaction documentation, negotiations, regulatory matters and closing.

Our transactional practice is complemented by substantial track record in project financing and refinancing, as well as ongoing regulatory and commercial support for operating renewable energy projects.

We also assist international oil and gas companies with their regulatory and commercial matters, and foreign energy companies entering the Hungarian market, including electricity and gas traders, with licensing, regulatory procedures, TSO arrangements and other requirements applicable to their Hungarian activities.

Zoltán Forgó is regularly listed in Lexology Energy list of recommended lawyers in Hungary.

Gábor Damjanovic often sits as an arbitrator on energy-related disputes, drawing on which he can efficiently advise clients on such matters as party counsel.

Services

We provide a full range of legal services in the energy sector, including:

  • advising on the acquisition of renewable energy projects, including legal due diligence, transaction documentation, negotiations and regulatory matters;
  • advising on project financing and refinancing of energy assets;
  • assisting with energy licensing and regulatory procedures;
  • advising on KÁT and METÁR support schemes;
  • advising on grid connection, balancing and other matters affecting the development and operation of power plants;
  • drafting and negotiating PPAs, EPC, O&M, forecasting, balancing and other energy-sector agreements;
  • advising on Guarantees of Origin and related regulatory matters;
  • assisting foreign companies in obtaining Hungarian electricity and gas trading licences and establishing their Hungarian trading activities;
  • advising on corporate restructuring and reorganisation of energy portfolios;
  • ongoing corporate, commercial and regulatory advice to oil and gas companies; and
  • providing ongoing corporate, commercial, employment and regulatory support to companies operating energy projects.

Contact

Zoltán Forgó
Gábor Damjanovic
Zsófia Füzi
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Examples from our
track record

We have advised an international renewable energy investor on more than ten acquisitions of Hungarian photovoltaic projects, including full legal due diligence, drafting and negotiation of transaction documents, regulatory matters, and assistance through closing.

We have advised on the financing and refinancing of portfolios of Hungarian photovoltaic power plants.

We advised on the corporate restructuring of a Hungarian renewable energy portfolio, involving the merger and reorganisation of dozens of project companies established for photovoltaic projects.

We provide ongoing regulatory, corporate, and commercial advice on a substantial portfolio of operating Hungarian photovoltaic power plants, including licensing, support schemes, and other regulatory changes affecting their operation.

We have assisted several international electricity and natural gas trading companies in entering the Hungarian market, including obtaining electricity and gas trading licences and advising on the related regulatory requirements.

We advised a strategic investor on the acquisition of a major Hungarian power plant and an associated coal mine.

We provided ongoing commercial, regulatory and employment law advice to a major oil and gas company.

We advised a multinational oil and gas company on a major petrol station network swap transaction, including legal DD exercise, transactional advice and completion arrangements.

We provided a legal opinion to a multinational gas-trading company on a high-value gas trade dispute.

We advised the European Commission's DG Energy on several legal compliance checks, ensuring the compliance of the relevant Hungarian laws with the EU Directives.