Legal DealFolio - PNE Sale of Sontra Wind Farm, Hesse to CHORUS

Watson, Farley and Williams (WFW) advised PNE WIND AG (PNE) on the sale of two onshore wind farms in Germany to a Luxemburg special fund administered by the CHORUS Group on all relevant legal and tax matters. The Sontra wind farm located in Hesse and the Kemberg III wind farm located in Saxony-Anhalt are equipped with a total of nine Nordex N117 wind energy turbines, possessing a combined capacity of 21.6 MW. The modern wind energy turbines are very efficient in inland locations, benefiting from hub heights of more than 140 metres, which allow for optimal harnessing of the wind at both locations. The new wind energy turbines can produce environmentally friendly electricity which is equivalent to the annual consumption of approximately 18,000 four person households. Both PNE-developed wind farms are currently under construction and will be completed and commissioned in the second half of 2014. PNE will also be responsible for technical operations management. Cuxhaven-based PNE plans and develops onshore and offshore wind farm projects and to date has successfully developed wind farms with a combined capacity of more than 2,000 MW. The CHORUS Group has been investing in renewable energy projects since 2006, developing more than 100 solar and wind energy plants in five European countries to date. The WFW Hamburg team advised PNE on all legal and tax aspects of the deal, and was led by partner Dr. Malte Jordan (Corporate/Energy). He was supported by partner Gerrit Bartsch (Tax) as well as associates Dr. Manuel J. Rolfes, Dr. Malte Koch (both Corporate/Energy) and Dr. Wichard von Hoff (Banking and Finance).

Deal Date:	07-08-2014	Practice Area:	Project Finance and Infrastructure
Deal Title:	PNE Sale of Sontra Wind Farm, Hesse to CHORUS	Industry:	Alternative Energy
Description:	Watson, Farley and Williams (WFW) advised PNE WIND AG (PNE) on the sale of two onshore wind farms in Germany to a Luxemburg special fund administered by the CHORUS Group on all relevant legal and tax matters. The Sontra wind farm located in Hesse and the Kemberg III wind farm located in Saxony-Anhalt are equipped with a total of nine Nordex N117 wind energy turbines, possessing a combined capacity of 21.6 MW. The modern wind energy turbines are very efficient in inland locations, benefiting from hub heights of more than 140 metres, which allow for optimal harnessing of the wind at both locations. The new wind energy turbines can produce environmentally friendly electricity which is equivalent to the annual consumption of approximately 18,000 four person households. Both PNE-developed wind farms are currently under construction and will be completed and commissioned in the second half of 2014. PNE will also be responsible for technical operations management. Cuxhaven-based PNE plans and develops onshore and offshore wind farm projects and to date has successfully developed wind farms with a combined capacity of more than 2,000 MW. The CHORUS Group has been investing in renewable energy projects since 2006, developing more than 100 solar and wind energy plants in five European countries to date. The WFW Hamburg team advised PNE on all legal and tax aspects of the deal, and was led by partner Dr. Malte Jordan (Corporate/Energy). He was supported by partner Gerrit Bartsch (Tax) as well as associates Dr. Manuel J. Rolfes, Dr. Malte Koch (both Corporate/Energy) and Dr. Wichard von Hoff (Banking and Finance).
Financial Center:	Hamburg	Value:	0.00-0.00
Advised Party:	Seller	Law Firm	Watson Farley & Williams
Assets Jurisdiction	Germany	Purchaser Jurisdiction	Germany
Classification:	Transfer of Infrastructure Assets Renewable Energy Assets Wind Farm Assets	Lawyer	Malte Jordan

Practice Areas -

Project Finance and Infrastructure Law Firms and Lawyers

Practice Areas - Project Finance and Infrastructure Law Firms and Lawyers