Hengeler Mueller advises DONG Energy on the divestment of a 50% stake in Offshore Wind Farm Gode Wind 2 to a consortium of Danish pension funds
21. July 2014
DONG Energy signed an agreement to sell 50% of the German offshore wind farm project Gode Wind 2 to a consortium of Danish pension funds (PKA, Industriens Pension, Lærernes Pension and Lægernes Pensionskasse). The total purchase price amounts to approximately EUR 600 m. According to the agreement, the wind farm will have a total capacity of 252 MW. DONG Energy will construct the wind farm, provide operation and maintenance services and will provide a route to market for the power production of Gode Wind 2. The purchase is subject to approval by the cartel authorities.
Hengeler Mueller advised DONG Energy on this transaction. The Hengeler Mueller team is led by partner Nicolas Böhm (Corporate/M&A, Berlin) and includes partners Martin Klein (Tax, Frankfurt), Jan D. Bonhage (Regulatory, Berlin), Thorsten Mäger (Antitrust, Düsseldorf) as well as counsel Andreas Breier (Corporate/M&A and Energy, Berlin) and associates Sebastian Schneider (Corporate/M&A and Energy, Berlin), Alexander Bekier (Corporate/M&A, Berlin), Fabian Quast and Marc Roberts (both Regulatory, Berlin) and Jessica Cezanne (Tax, Frankfurt). Kromann Reumert (partners: Anders Stubbe Arndal and Jan Hvarre) advised DONG Energy on aspects of Danish law in this project.