Department profile
Penkov, Markov & Partners

Energy

Europe Guide 2026 : Bulgaria

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Penkov, Markov & Partners

Rankings

About

Provided by Penkov, Markov & Partners

Energy

In recent years, PM&P has climbed high on the list of leading law firms in this area, serving numerous power generation and distribution companies, financial institutions and investment companies, thus acquiring substantial experience not only in the drafting of various documents and contracts but also in providing full coordination and legal representation at every stage of the process, including the design, development, financing and implementation of projects in the area of renewable energy sources. Our legal advice covers the generation, transmission, distribution of, and trade in electricity.

PM&P has accumulated considerable experience in handling administrative procedures on behalf of entities venturing into the free energy market, the preparation of contracts for the supply and purchase of electric power and natural gas and the construction and connection of new energy facilities. Particularly valuable is our experience accumulated in the implementation of projects for power generation from renewable energy sources, as well in preparing alternative project financing schemes.

The PMP team has good practical experience in participating in appeal procedures before administrative and judicial authorities.

Clients (11)

  • CEZ a.s.
  • Mondi Stambolijski
  • BA Glass Bulgaria
  • Zlatna Panega Cement, subsidiary of Titan Cement SA, Greece
  • Markan Holding
  • Knauf
  • EuroWind Energy A/S, Denmark, former EnergiMidt Renewables
  • Minstroi Holding AD affiliates dealing in RES sector
  • Solar group
  • Large number of RES producers affected by the 20% access fee
  • Gastrade S.A.

Industries (7)

  • Construction & Materials
  • Energy
  • Financial Services
  • Forestry & Paper
  • Mining & Metals
  • Utilities
  • Charities / Not for Profit

Chambers Review

Provided by Chambers

Energy - Bulgaria

Band 3

What the Team is Known For
Penkov, Markov & Partners offers expert knowledge of energy sector regulations and substantial expertise in the area of renewables. This respected team represents both foreign and Bulgarian entities in electricity and biomass-related matters. The practice is also well equipped to assist with transactional mandates, including the sale of renewable and green energy assets as well as the financing of energy projects. The firm possesses additional strength in energy-related disputes at all levels of court, including the Constitutional Court.
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Strengths

Provided by Chambers

  • Penkov, Markov & Partners have an experienced team, with a lot regulatory and real estate experience.

    Energy respondentEurope

  • The team has an in-depth knowledge of the regulatory framework and long-standing practices in the sector.

    Energy respondentEurope

Notable Practitioners

Provided by Chambers

  • Atanas Valov
    Atanas Valov

    Atanas Valov

    Atanas Valov notably advises power generation and distribution companies that are active in the energy and natural resources field. He offers further expertise representing clients in contentious energy cases.

    • Atanas Valov has very detailed knowledge in that area.

      Energy respondentEurope
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  • Nikolay Voynov
    Nikolay Voynov

    Nikolay Voynov

    Nikolay Voynov assists a variety of clients with energy projects. His expertise includes ESG, renewables and EU regulation.

    • Nikolay is incredibly thorough yet pragmatic. He distils highly technical ESG and energy regulations into clear, actionable recommendations and coordinates effectively across other practice areas.

      Energy respondentEurope

    • Nikolay Voynov has exceptional analytical skills and attention to detail.

      Energy respondentEurope
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Ranked Individuals at Penkov, Markov & Partners (2)

Bulgaria

Members

Provided by Penkov, Markov & Partners

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