Watson Farley & Williams (WFW) has advised EWE Erneuerbare Energien (EWE) on its purchase of a portfolio of five German onshore wind farms from InvestInvent Funds SICAV through its InvestInvent Wind Energy Fund.
EWE’s five wind farms are Bad Berleburg in North Rhine-Westphalia, Steinau in Hesse and Petersdorf 1, Petersdorf 2 and Stretense-Panschow, both in Mecklenburg-Western Pomerania. The gross installed capacity of the five wind farm units is 28 MW.
EWE is the renewable energy arm of the EWE Group, one of the main energy providers in Germany. It has been involved in the wind power sector for three decades and presently runs a combined wind portfolio of 530 MW on land and at sea. It is also participating in the photovoltaic, biomass and hydropower industries.
“We are very pleased to have again assisted our long-standing client EWE on the expansion of their wind farm portfolio. The smooth progress of this challenging transaction is thanks to the excellent cooperation and understanding between everyone involved at WFW and EWE. The deal also highlights our reputation as a market-leading legal adviser in the German wind energy market.”Dr Marcus Bechtel, Partner and WFW Germany Head.