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Wind Turbine Blades

WFW advises CEE on the structuring and the acquisition of the wind farm project in Mecklenburg-West Pomerania

2 October 2012

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Watson, Farley & Williams (“WFW”), a leading international law firm, is pleased to announce that it has advised CEE (Conetwork Erneuerbare Energien Holding GmbH & Co. KGaA) on the acquisition of wind energy turbines at the Breesen-Teetzleben wind farm in Mecklenburg-West Pomerania, northern Germany. The acquisition of the wind energy plants was effected through the purchase of all shares of two project companies from different sellers.

CEE’s two acquired plants are of the type Vestas V 112 with a hub height of 119 m. With a capacity of 6 MW, the turbines will produce up to 16 million KWh of environmental friendly electricity annually. This is equivalent to the annual electricity consumption of 5,300 households. Following the turbines’ connection to the network in the fourth quarter of 2012, the generated electricity will be fed via a substation to E.ON edis AG’s grid.

CEE is a Hamburg-based holding company specialising in renewable energy, with a managed equity of Euro 300 million. CEE acquires and holds interests in renewable energy companies, particularly in wind energy, photovoltaic, biogas, biomass, and geothermal energy companies. It also invests in related technology companies. WFW has previously advised CEE on a number of other wind farm project acquisitions.

The WFW team was led by Hamburg partners Verena Scheibe (Tax) and Dr. Marcus Bechtel (Corporate). They were supported by senior associate Stefan Hoffmann (Corporate, Hamburg) as well as associates Cathrin Krüger (Corporate, Hamburg), Carolin Woggon (Corporate, Hamburg) and Timo Kopmann (Tax, Hamburg).

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