Commerz Real’s Acquisition of Three Wind Farms in Southern Sweden

Setterwalls advised Commerz Real AG.

Commerz Real AG, a subsidiary of German Commerzbank, has entered into an agreement with Eolus Vind AB in relation to an acquisition of three wind farms with an expected aggregate nameplate capacity of approximately 68 MW. The wind farms Boarp (24 MW), Dållebo (26 MW) and Rosenskog (18 MW) are expected to be handed over to Commerz Real during the autumn of 2023.

The purchase price for the acquisition amounts preliminarily to approximately 82.5 million euros.

The acquisition of the wind farms marks Commerz Real’s first investment on the Swedish market for renewables. Eolus will be responsible for the construction and subsequent management of the wind farms.

Commerz Real AG is a global investor and asset manager with assets of approximately 34 billion euros under management, throughout the transaction, including the negotiation of turbine supply, service, management and construction agreements.

Eolus Vind AB develops and sells wind farms for generating electricity.

Setterwalls team included Jonas Frii (Picture), Bruno Neumann, Johan Göransson, Martin Johansson, Mattias Wiklund, Andreas Lantz, Tove Andersson, Niclas Hermansson, Elin Hjort, Mattias Karlsson, Jonathan Andersson, Jakob Ekesbo, Jesper Olsson, Andreas Ödman and Tim Nellfors.

Involved fees earner: Tove Andersson – Setterwalls; Jonathan Andersson – Setterwalls; Jakob Ekesbo – Setterwalls; Jonas Frii – Setterwalls; Johan Göransson – Setterwalls; Niclas Hermansson – Setterwalls; Elin Hjort – Setterwalls; Martin Johansson – Setterwalls; Mattias Karlsson – Setterwalls; Andreas Lantz – Setterwalls; Tim Nellfors – Setterwalls; Bruno Neumann – Setterwalls; Andreas Ödman – Setterwalls; Jesper Olsson – Setterwalls; Mattias Wiklund – Setterwalls;

Law Firms: Setterwalls;

Clients: Commerz Real;