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Wind Turbine Blades

WFW advises Union Investment on the acquistion of onshore wind farms in Ireland and France

13 November 2013

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Watson, Farley & Williams (“WFW”), a leading international law firm, is pleased to announce that it has advised Union Investment on its acquisition of the onshore wind farm “Gibbet Hill” in County Wexford, Ireland from the German project developer ABO Wind.

The “Gibbett Hill” wind farm, which has been operational since July 2013, consists of six wind turbines with a total capacity of 15 MW.

A combined team from WFW France and Germany also advised on Union Investment’s acquisition of a 24 MW onshore wind farm in Greneville-en-Beauce, France from VSB Energies Nouvelles, a 100% subsidiary of WSB Group in Dresden, Germany. This French wind farm consists of eight Vesta turbines.

WFW Hamburg previously advised Union Investment in January 2013 on the purchase of its first asset – the Gunzhausen onshore wind farm project – for its newly established infrastructure fund Infrastruktur SICAV-SIF. The institutional investor fund focuses on European wind and solar farms.

The lead partner Dr. Malte Jordan commented: “We are pleased to continue our collaboration with Union Investment and to support them on their expansion of their infrastructure fund portfolio with our longstanding experience in cross-border transactions in the energy sector. This transaction and the funds provided by Union Investment illustrate the continued reliability and appeal of renewable energy for institutional investors.”

The WFW Hamburg team was led by Corporate partner Dr. Malte Jordan. He was supported by partner Dr. Stefan Kilgus (Project & Structured Finance) as well as associates Dr. Wolfram Böge (Corporate) and Marcus Mützelburg (Project & Structured Finance). The WFW Paris team was led by partner Vincent Trevisani (Corporate). McCann FitzGerald advised WFW on the Irish law aspects of the “Gibbet Hill“ acquisition.

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