Practice Areas - Project Finance and Infrastructure Law Firms and Lawyers
| Deal Date: | 04-09-2014 | Practice Area: | Project Finance and Infrastructure |
| Deal Title: | RWE Innogy Sale of Nordsee One Offshore Wind Project | Industry: | Alternative Energy |
| Description: |
Linklaters advised RWE Innogy GmbH on the sale of an 85% equity stake in the Nordsee One offshore wind farm to Northland Power Inc.
The large-scale Nordsee One project is located 40 kilometres north of Juist Island. In a first stage, 54 wind turbines are to be constructed, with the estimated project cost amounting to approx. EUR1.2 billion. Further expansion stages are planned. Nordsee One is expected to generate 1,300 gigawatt hours of electricity per year from 54 wind turbines, enough to meet the needs of approx. 400,000 German households.
RWE Innogy is a subsidiary of German energy company RWE, which has pooled the renewable energy expertise and power plants of the RWE Group since 2008. RWE Innogy plans, builds and operates facilities generating power from renewable energies and is presently operating offshore wind farms with a capacity of approx. 1,000 megawatt.
A Linklaters team led by Thomas Schulz (Corporate/Energy, Berlin) advised on the transaction.
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| Financial Center: | Berlin | Value: | 0.00-0.00 |
| Advised Party: | Seller | Law Firm | Linklaters |
| Assets Jurisdiction | Germany | Purchaser Jurisdiction | Germany |
| Classification: |
Transfer of Infrastructure Assets Renewable Energy Assets Wind Farm Assets |
Lawyer | Thomas Schulz |
