Solar Farm

WFW advises German investment fund KGAL on the acquisition of two French solar power plants

27 June 2013


Watson, Farley & Williams (“WFW”), a leading international law firm, is pleased to announce that it has advised KGAL on the acquisition of two French solar power plants with a total output capacity of 23MW from leading French solar project developer, Solairedirect.

Located at Lucet and Pintesèque in the Landes region, these solar plants have an output capacity of 12 MW and 11 MW respectively.

WFW advised KGAL on all the legal and tax aspects of the two acquisitions, which were financed by the “European Sustainable Power Fund 2” (ESPF 2), a €1billion investment fund set up by KGAL specifically for institutional investors.

KGAL is already a major player in the wind power sector and has acquired 49 solar plants in Germany and across Europe to date. KGAL’s shareholders are Commerzbank, BayernLB, HASPA Finanzholding and Sal Oppenheim.

The Solairedirect group, which was assisted by their in-house counsel, is a French solar electricity operator whose activity spans the entire photovoltaic chain.

The WFW Paris team was led by Corporate partner Vincent Trevisani , together with Tax partner Romain Girtanner, assisted by associates: Evis Linfoot, Clémence Halpern, Félicien Bardsley (Corporate), Laurent Battoue, Julien Barba and Florent Segalen (Regulatory and Real Estate law) Thomas Lugez (Finance) and Margot Wilhelm (Tax).