GÖRG advises HOLT HOLDING Group on joint venture with CEZ Group to build onshore wind farms in Germany

Köln, 13.05.2019

Under the leadership of its energy law partner Thoralf Herbold, GÖRG Partnerschaft von Rechtsanwälten mbB advised the international project developer HOLT HOLDING Group on a joint venture with the Czech energy supplier CEZ. As part of the joint venture, the HOLT HOLDING Group and CEZ intend to jointly realise around 25 wind turbines with a total output of more than 110 MW in northern Germany in the coming years.

GÖRG advised the HOLT HOLDING Group comprehensively on all legal issues in connection with the joint venture (e.g. corporate law, financing, energy law) and did not only advise and support the HOLT HOLDING Group vis-à-vis CEZ in the drafting and negotiation of contracts, but also on the tax and commercial structuring of the joint venture via its tax advisor and auditing branch BWLS.

Advisors HOLT HOLDING Group

GÖRG Partnerschaft von Rechtsanwälten mbB
Thoralf Herbold, Partner, Energy Law/Public Law, Cologne/Hamburg
Michael Winkelhog, Associated Partner, Corporate/Tax, Cologne

BWLS Strunk Stoffersen Partnerschaft mbB von Steuerberatern, Wirtschaftsprüfern und Rechtsanwälten
Dipl.-Kfm. Benjamin Karten, Partner, Tax, Hamburg
Nora Dibbert, Lawyer/Tax Advisor, Tax, Hamburg

Advisors CEZ

Weil Gotshal & Manges LLP

About HOLT HOLDING Group

The HOLT HOLDING Group is one of the leading German investors in the renewable energy sector. The HOLT HOLDING Group specializes in the acquisition and realisation of renewable energy projects in various project phases. At the same time, the HOLT HOLDING Group is active in the development of its own renewable energy projects.

About CEZ

At present, the companies belonging to the CEZ Group in Germany operate 53 wind turbines with a total installed capacity of 135 MW. The CEZ Group operates wind farms throughout Europe with a total installed capacity of over 700 MW. Around 30,000 employees in more than 100 subsidiaries supply consumers in Western, Central and Eastern Europe with energy. With a turnover of 7.2 billion euros, an EBITDA of 1.9 billion euros and a current market capitalisation of around 11.1 billion euros, the Czech energy supplier CEZ is one of the ten largest energy companies in Europe.

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