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Kinstellar advises Masdar on the acquisition of a 72-MW wind farm project in Montenegro

January 2019 – Kinstellar’s Belgrade team successfully acted as local counsel to Masdar, a global leader in renewable energy and sustainable urban development headquartered in Abu Dhabi, in connection with its acquisition of a 49% share in Krnovo Green Energy from a subsidiary of Akuo Energy. The target holds the operating licence for the 72-MW Krnovo wind-farm project in Montenegro.

Kinstellar worked with Shearman & Sterling which acted as the general counsel of Masdar in this transaction. Cleary Gottlieb Steen & Hamilton and Karanovic & Partners advised Akuo Energy, while Allen & Overy acted as general counsel for the lenders.

The Kinstellar effort was led by Branislav Maric (Managing Partner), Andreja Vrazalic (Senior Associate) and Tamara Zejak (Associate) and was supported in Montenegro by Radonjic/Associates.

For more information please contact Branislav Maric, Managing Partner, at