The BBH group advised Diehl Metall Stiftung & Co. KG on the acquisition of a wind energy project. The acquired wind farm has already obtained regulatory approval. Grid connection has been secured and contractual and real property rights to the site have been formalised. The project is being implemented via a project company, which will be acquired in full by Diehl Metall Stiftung & Co. KG as part of this transaction. Upon completion, the wind farm will contribute to sustainable energy supply and the further integration of renewable energy sources.

The BBH group’s team that advised Diehl Metall Stiftung & Co. KG on the transaction drew on interdisciplinary expertise spanning company law, approval and licensing regulations, grid connection and land law, building and planning law as well as tax law. A major focus was on the legal due diligence as well as the structuring and negotiation of the share purchase and assignment agreement regarding the interests in the project company. The team also designed and negotiated a general contractor agreement for services from planning and development of the wind farm through to turnkey delivery. Karl Ober and Wolff Peterhoff led the transaction management on behalf of the Diehl group.

“This transaction underscores the critical importance of legally secure and operationally feasible structures for the successful implementation of wind energy projects,” says Wolfram von Blumenthal, BBH partner and lawyer. “The acquisition of an approved project facilitates swift implementation. We are pleased to have supported Diehl Metall Stiftung & Co. KG throughout this project.”

Daniel Altenburg, partner and lawyer at the BBH group, adds: “Once a project has regulatory approval, the focus shifts to ensuring that contractual structures coherently address all implementation interfaces while maintaining legal certainty.”

With more than 1,000 employees, 7,000 clients and 7 offices, the BBH group is a leading provider of advisory services to energy and infrastructure companies and their customers. Energy and supply companies, particularly public utilities, municipalities and local authorities, industrial companies and international groups are among its core clients. The BBH group assists these and many other companies and organisations with legal, business and strategic advice.

Contact:
Prof. Dr. Ines Zenke
Rechtsanwältin/Lawyer, Partner
Phone +49 (0)30 611 28 40-179
ines.zenke@bbh-online.de

Visit the BBH group online at http://www.die-bbh-gruppe.de/en,  www.bbh-blog.de, x.com/BBH_online or instagram.com/die_bbh_gruppe.