Watson Farley & Williams (“WFW”) advised MEC Energy GmbH (“MEC Energy”) on its strategic partnership with CleanCap LLP (“CleanCap”) to develop a portfolio of solar PV and battery energy storage projects (“BESS”) in Germany.
As part of the partnership, MEC Energy will develop a portfolio of greenfield sites totalling more than 500 MWp of solar PV and 2.5 GWp of BESS. The projects include both standalone PV and co-located PV and battery storage projects. MEC Energy will oversee the development of all projects until ready-to-build status.
MEC Energy is a specialist in large-scale PV and co-located BESS projects, focussing on the development, structuring and implementation of PV and storage solutions.
CleanCap is a London-based alternative investment advisor specialising in renewable energy and battery storage investments across Europe.
The WFW Hamburg Energy team that advised MEC Energy was led by Corporate Partner Dr Wolfram Böge, supported by Senior Associate Marian Henkes, Associate Richard Wichmann and Transaction Lawyer Stephanie Groß. Tax advice was provided by Frankfurt Managing Associate Manuel Rustler.
Wolfram comments: ‘We are delighted to have advised MEC Energy on this strategic partnership. The transaction underscores WFW’s experience in supporting M&A and investment transactions in the energy and infrastructure sectors”.
