GÖRG has advised ENOVA Value GmbH on the acquisition of a wind farm portfolio with a total nominal capacity of around 32 MW. The transaction comprises six wind farms in Lower Saxony, Mecklenburg-Western Pomerania, Brandenburg and North Rhine-Westphalia and opens up a repowering potential of up to 100 MW. The seller is a Luxembourg investment fund.
As part of the acquisition, ENOVA is planning a comprehensive repowering of the 17 existing turbines from Vestas, Enercon and Senvion. The plan is to replace them with up to 12 modern wind turbines with a planned total output of around 100 MW and an increase in wind yield to over 250,000 MWh. ENOVA is thus expanding its portfolio in the onshore wind sector to over 850 MW.
A GÖRG team led by Cologne partner Thoralf Herbold and Dr Ruth Büchl-Winter and Dr Ilka Mainz provided ENOVA with comprehensive advice on this transaction. The advice included the legal examination of the projects as part of a due diligence and the negotiation of the share purchase agreements.
GÖRG regularly advises investors, operators and project developers on the acquisition, sale and realization of energy generation plants in the fields of wind, solar and storage technologies.
ENOVA Value GmbH is part of the ENOVA Group, a developer, investor, service provider and operations manager that shapes Germany's electricity generation. The family-owned company develops wind farms, invests in old plants and, as an independent specialist for wind turbines, is responsible for the maintenance and servicing of hundreds of wind turbines throughout Germany.
Advisors Enova Value GmbH
GÖRG Partnerschaft von Rechtsanwälten mbB
Thoralf Herbold (Lead, Partner, Energy Law, Cologne)
Dr Ruth Büchl-Winter (Partner, Corporate/M&A, Cologne)
Dr Ilka Mainz (Associated Partner, Energy Law, Cologne)
Niklas Fietz (Senior Associate, Public Commercial Law, Cologne)
Dr Christian Bürger (Partner, Antitrust Law, Cologne)
