Watson Farley & Williams (“WFW”) advised Orrön Energy Greenfield AB (“Orrön Energy”) on the sale to Gülermak Renewables Deutschland Holding GmbH (“Gülermak Renewables”) of three agri-PV projects, where solar energy generation and farming are carried out on the same site.
Located in the German states of Mecklenburg-Vorpommern, Brandenburg and Saxony-Anhalt, the projects will continue to be developed by Orrön Energy until construction begins and will have a combined capacity of 234 MW.
Orrön Energy, part of the Lundin group of companies, is a Swedish renewable energy company focussed on operating and developing onshore assets to drive long-term shareholder value and support a sustainable energy future. Gülermak Renewables, part of the Turkish construction group Gülermak, is a leading independent power producer specialising in the generation of clean, sustainable energy through wind, solar photovoltaic and battery storage technology.
The WFW Hamburg Energy team that advised Orrön Energy was led by Corporate Partner Dr. Wolfram Böge, assisted by Senior Associate Marian Henkes and Transaction Lawyer Stephanie Groß as well as Associates Sophia Graul, Richard Wichmann, Albert Merck and Felix Wörner. Partner Verena Scheibe, Managing Associate Manuel Rustler and Associate Alexander Brune advised on tax matters, whilst Partner Sebastian Baum and Associate Katja Westermann provided real estate expertise.
Wolfram commented: “We’re delighted to have supported Orrön Energy in this transaction. Agrivoltaics is an innovative solution that maximises land use and plays a vital role in the global energy transition. Being instructed on deals of this nature underscores WFW’s expertise in the renewable energy sector”.
