Slovakia’s energy mix relies heavily on low-carbon electricity from nuclear and hydropower plants, and government policies support these sources. Although solar and wind energy development has been less prioritized, EU regulations and decreasing generation costs are making renewable investments more attractive.

Integrating renewable energy requires advancements in energy storage and modernisation of power grid infrastructure to handle new technologies and consumption patterns. The rise of distributed energy resources and electric vehicles also requires significant investments in charging infrastructure and grid upgrades.

Amid these changes, EU initiatives aim to redesign the electricity market to promote competition, innovation, and supply security while protecting consumers from price volatility.

Our firm assists clients in navigating these challenges by applying our extensive experience in the power sector, including nuclear and renewable energy projects. We provide regulatory, commercial, procurement, construction, and permitting advice, as well as guidance on EU competition and state aid laws. We also have significant expertise in M&A, advising on acquisitions, disposals, and joint ventures related to power production assets.

Sector Highlights

Slovenské elektrárne on the development and completion of Mochovce nuclear power plant

SRKF managed by Wood & Company on a solar power projects portfolio from establishment of joint ventures and multiple tier debt structures, negotiating EPC and O&M contracts and senior financing arrangements

Large European energy group on the contemplated sale of an energy asset with project value of approx. EUR 1.3 bil.

GLP on energy and utility contracts, including power purchase agreements, capacity reservation agreements, issues related to connection of industrial sites to the electricity grid and issues related to local distribution networks

Slovenské elektrárne on strategic negotiations of contracts on nuclear fuel supply and development

Slovenské elektrárne on Slovak and EU law issues in connection with various judicial and administrative proceedings

A large international power-generating company on its bid for the acquisition of a stake in Slovenské elektrárne from ENEL

PPA CONTROLL on various matters in connection with reconstruction of Planta Centro in Venezuela

NAFTA on comprehensive overview of regulatory obligations applicable to electricity producers and suppliers