Onshore Wind

WFW advises WKN on 23 MW German wind farm disposal

15 January 2016


International law firm Watson Farley & Williams (“WFW”) has advised WKN AG (“WKN”) on the sale of the Westerengel wind farm project to CEE.

Located in the central German federal state of Thuringia, Westerengel consists of seven Vestas V112 wind turbines with a total capacity of 23.1 MW. Once in operation by mid-2016, it will generate eco-friendly electricity for approximately 15,000 households.

WKN, based in Husum in the northern state of Schleswig-Holstein, is a leading project developer for wind energy projects across Europe, South Africa and the United States. Services include the site evaluation and development, planning and financing, construction and operation of energy farms as well as the technical and commercial management of diverse energy projects. Active since 1990, WKN has been developing energy projects with a total capacity of 1,250 MW to date.

Hamburg-based investment company CEE, a subsidiary of Lampe Equity Management (owned by Bankhaus Lampe KG) specialises in renewable energy and clean-tech investments. Lampe Equity Management has more than 15 years of experience in the financing and structuring of alternative assets.

The WFW Hamburg team that advised WKN was led and coordinated by corporate/energy partner Dr. Malte Jordan and senior associate Dr. Wolfram Böge. They were supported by partners Dr. Stefan Kilgus (Banking & Finance) and Gerrit Bartsch (Tax) as well as associates Dr. Malte Koch (Corporate / Energy), Alexander Schroer (Corporate / Real Estate) and Matthias Abendroth (Banking & Finance).

Dr Jordan commented: “We are delighted to have advised WKN on another significant wind farm project. Receiving this mandate complements our extensive activity in the wind power sector in recent years and cements our position as the leading law for renewable energy experience and expertise in Germany and beyond”.