Wind Turbine Blades

WFW advises Industrielle Werke Basel on the acquisition of a 30 MW onshore wind farm in Saxony-Anhalt, Germany

1 February 2013


Watson, Farley & Williams (“WFW”), a leading international law firm, is pleased to announce that it has advised IWB (Industrielle Werke Basel) on all relevant legal and tax aspects of the acquisition of a 30 MW wind farm. The financial details of this transaction are confidential.

IWB acquired 15 Vestas V90 wind turbines, each with a capacity of 2 MW, as part of the Große Schanze wind farm in Holleben, Saxony-Anhalt, Germany.

The sellers, two individuals involved with Saxovent Ökologische Investments GmbH & Co. KG as well as Terrawatt Planungsgesellschaft mbH, are well-established wind farm project developers and jointly implemented the wind farm project. The acquisition of the wind farm was effected by the purchase of all limited partners’ interest in four project companies.

IWB, a Swiss utility covering Basel and north-western Switzerland, is committed to investing approximately 300 million Swiss francs in renewable energy projects in Switzerland and other European countries up until 2015. IWB is aiming to ensure that 100% of Basel’s electricity supply is generated by renewable energy sources.

The Hamburg-based WFW team was led by Dr. Marcus Bechtel (Corporate/Energy). He was supported by partners Thomas Hollenhorst (Project & Structured Finance) and Gerrit Bartsch (Tax) as well as associates Cathrin Krüger, Carolin Woggon, Dr. Ralf Hangebrauck (all Corporate/Energy), Dr. Jan-Eike Andresen (Project & Structured Finance) and Timo Kopmann (Tax).

Lead partner Dr. Marcus Bechtel commented: “We are delighted to have successfully advised IWB on a further wind farm acquisition. In December 2012, we supported IWB on the purchase of the French wind farm Atrebatie and could therefore contribute to the expansion of its renewable energy portfolio. To date, we have advised IWB on a total of five wind farm projects in Germany and France. ”