Watson Farley & Williams (“WFW”) has advised German project developer BayWa r.e. renewable energy GmbH (“BayWa r.e.”) on the sale of four solar parks with a total capacity of around 41.2 MW to two buyers. Three parks with a capacity of 31.8 MW were sold to the independent solar power producer Sonnedix and the fourth park was sold to the Allianz Renewable Energy Fund II (“AREFII”), a closed-end fund of Allianz Global Investors. The plants are located in the French commune of Hourtin, close to Bordeaux.
The multidisciplinary WFW Paris team advising BayWa r.e. was led by Partners Laurent Battoue and Arnaud Félix, assisted by the Corporate team including Anne-Kelly d’Amécourt and Alexandre Pelletier and by Antoine Bois-Minot on the regulatory and project contracts aspects. Tax advice was provided by Partner Romain Girtanner and Hélène Ibos.