NEWS

Wind Turbine Blades

WFW advises KGAL on the acquisition of four national and international wind farm portfolios with a total capacity of 77.2 MW

19 February 2013

EN | DE

Watson, Farley & Williams (“WFW”), a leading international law firm, is pleased to announce that it has advised KGAL GmbH & Co. KG (“KGAL”) on the acquisition of four wind farm portfolios in Germany and France with a total capacity of 77.2 MW. WFW provided cross-border legal and tax advice on German, French and Spanish law.

In Germany, KGAL acquired three onshore wind farms with a total capacity of 27 MW from Juwi, Wörrstadt. They are located in Flomborn, Buch and Simmern-Hunsrück in Rhineland-Palatinate and have nine wind turbines in total.

In the second transaction, WFW advised KGAL on the acquisition of two wind farms in Pausa, Saxony and Walsrode, Lower Saxony which are still under development from WKN AG, Husum. They are operated with Repower and Vestas wind turbines and have a combined capacity of 18.2 MW.

KGAL also expanded its wind energy portfolio in France with the purchase of the 16 MW Moréac wind farm in Brittany from Gamesa Energa S.A.U., a subsidiary of the Spanish Gamesa Group. This follows KGAL’s acquisition of three onshore wind farms from Gamesa in summer 2012, on which WFW also advised.

Furthermore, WFW advised KGAL on the acquisition of the 16 MW French wind farm Nozay from ABO Wind, Wiesbaden, effected through the “European Sustainable Power Fund 2”, a KGAL fund specifically designed for institutional investors. This wind farm, which is still under development, will be equipped with eight Vestas V90 wind turbines.

The international WFW team was led by Munich partner Dr. Dirk Janssen (Corporate) and included partners Tobias Ackert (Tax, Munich), Michael-Alexander Rojnic (Real Estate, Hamburg) and Sven Fretthold (Finance, Hamburg) as well as associates Dr. Ahmad Khonsari (Corporate, Hamburg), Daniel Marhewka, JUDr. Zuzana Meinecke Fábry, Simon Vogel, Barbara Zehnder (all Corporate, Munich), Martina Füchsl (Tax, Munich), Dr. Conrad Seiferth (Corporate, Hamburg), Alexander Schroer and Dr. Ralf Hangebrauck (both Real Estate, Hamburg) and Pascal Unger (Finance, Hamburg).

The Paris team was led by partner Vincent Trevisani (Corporate). He was supported by partner Romain Girtanner (Tax) and associates Evis Linfoot (Coporate), Laurent Battoue, Julien Barba, Thomas Lugez (all Regulatory), Peter Schmid (Real Estate) and Margot Wilhelm (Tax). In Madrid, partner María Pilar García (Corporate) and associate Ana Lorenzo Sobrado (Finance) advised on the Spanish law aspects.

Lead partner Dr. Dirk Janssen commented: “We, together with our colleagues in France and Spain, are delighted to have advised KGAL on these recent deals. These projects were run in parallel against a tight time frame and their successful completion is proof of the efficient working relationship between KGAL’s in-house team and WFW.”