Munich, 4 December 2020 ‑ The international law firm BEITEN BURKHARDT has advised Commerz Real AG on the acquisition of the Heinsberg wind farm with three wind energy turbines in the German state of North Rhine-Westphalia. Seller is Energiekontor AG, project developer with seat in Bremerhaven. The parties have agreed not to disclose the transaction volume.
The wind farm, located in the district of the same name, comprises two Nordex N117 wind energy turbines with a nominal output of each 2.4 megawatts and one Nordex N100 wind turbine with a nominal output of approx. 2.5 megawatts. The term of the guaranteed feed-in compensation under the German Renewable Energy Sources Act 2017 (EEG 2017) is 20 years, ending in 2037. With a total nominal output of 7.3 megawatts and an annual electricity volume of around 18.7m kilowatt-hours, the wind farm will be able to cover the electricity requirements of almost 4,600 German households.
It was acquired for the recently launched Klimavest fund investing in assets that make a measurable and thus verifiable contribution - i.e. impact - to reducing CO2 emissions. The wind farm in Heinsberg complements the existing portfolio ideally.
BEITEN BURKHARDT's Energy Team headed by partners Dr Maximilian Emanuel Elspas and Dr Sebastian Rohrer only recently advised Commerz Real AG comprehensively on the acquisition of the Beckum wind farm with respect to a due diligence of the target company, negotiation of contracts and implementation of the transaction.
BEITEN BURKHARDT: Dr Maximilian Emanuel Elspas. Dr Sebastian Rohrer (both lead partners, Corporate/M&A and Energy Law), Dr Markus Ley (Corporate/M&A), Toralf Baumann, Antje Baumbach, Guido Brucker (all Energy Law), Dr Dominik Greinacher (Public Law), Anja Fischer (Real Estate Law), Christoph Heinrich (Antitrust Law).
In-house: Dr Stephan Hüttig and Jörg Niedermeyer
CONTACT
Phone: +49 89 350 65 – 1242
E-mail: Maximilian.Elspas@bblaw.com
