Legal DealFolio - PNE WIND AG Sale of the Calau IIA Wind Farm, Brandenburg

Watson, Farley & Williams (WFW), a leading international law firm, is pleased to announce that it has advised PNE WIND AG (PNE) on the sale of the Calau IIA wind farm in Brandenburg, Germany, as well as on the financing of nine onshore wind farm projects in Lower Saxony and Brandenburg with a total financing volume of EUR192.8 million. PNE sold the Calau IIA wind farm to the Hamburg-based holding company CEE. WFW advised PNE on contract negotiations, which were successfully completed by the end of 2013. The wind farm, containing five wind turbines with a combined installed capacity of 15.4 MW, is connected to the grid and will shortly be fully commissioned. Having developed the wind farm, PNE will continue to be responsible for technical management following completion. Additionally, WFW has advised PNE on the financing of nine onshore wind farms. The four financing banks for these transactions included Commerzbank, HSH Nordbank and NIBC. Cuxhaven-based PNE plans and develops onshore and offshore wind farm projects. To date PNE has successfully developed wind farms with a combined capacity of more than 2,000 MW. CEE has been active as an investor in renewable energies for more than 12 years and is today one of the largest independent energy producers in Germany. The WFW team was led by Hamburg-based partners Dr. Malte Jordan (Corporate) and Dr. Stefan Kilgus (Project & Structured Finance,). They were supported by associates Dr. Wolfram Boge, Dr. Manuel J. Rolfes and Dr. Malte Koch (all Corporate, Hamburg) as well as Dr. Wichard von Hoff and Dr. Alexander Nefzger (both Project & Structured Finance, Hamburg).

Deal Date:	20-01-2014	Practice Area:	Project Finance and Infrastructure
Deal Title:	PNE WIND AG Sale of the Calau IIA Wind Farm, Brandenburg	Industry:	Alternative Energy
Description:	Watson, Farley & Williams (WFW), a leading international law firm, is pleased to announce that it has advised PNE WIND AG (PNE) on the sale of the Calau IIA wind farm in Brandenburg, Germany, as well as on the financing of nine onshore wind farm projects in Lower Saxony and Brandenburg with a total financing volume of EUR192.8 million. PNE sold the Calau IIA wind farm to the Hamburg-based holding company CEE. WFW advised PNE on contract negotiations, which were successfully completed by the end of 2013. The wind farm, containing five wind turbines with a combined installed capacity of 15.4 MW, is connected to the grid and will shortly be fully commissioned. Having developed the wind farm, PNE will continue to be responsible for technical management following completion. Additionally, WFW has advised PNE on the financing of nine onshore wind farms. The four financing banks for these transactions included Commerzbank, HSH Nordbank and NIBC. Cuxhaven-based PNE plans and develops onshore and offshore wind farm projects. To date PNE has successfully developed wind farms with a combined capacity of more than 2,000 MW. CEE has been active as an investor in renewable energies for more than 12 years and is today one of the largest independent energy producers in Germany. The WFW team was led by Hamburg-based partners Dr. Malte Jordan (Corporate) and Dr. Stefan Kilgus (Project & Structured Finance,). They were supported by associates Dr. Wolfram Boge, Dr. Manuel J. Rolfes and Dr. Malte Koch (all Corporate, Hamburg) as well as Dr. Wichard von Hoff and Dr. Alexander Nefzger (both Project & Structured Finance, Hamburg).
Financial Center:	Hamburg	Value:	0.00-100.00
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