CMS advised Luxcara on the deal.
Luxcara and GE Renewable Energy have signed a contract for the supply of 137 wind turbines for the 753 MW Önusberget wind farm in Sweden. The parties also agreed a full-service maintenance agreement with a 25-year term. The project comprises the sub-farms Kallamossen and Djupdal and will produce enough electricity to power the equivalent of 200,000 Swedish households for a full year. The company describes the project as the largest single onshore wind farm in Europe.
Hamburg-based Luxcara is an independent asset manager that provides institutional investors with investment opportunities in the renewable energy space. Established in 2009, the firm acquires, structures, finances and operates renewable energy projects and related infrastructure as a long-term buy-and-hold investor. The company specialises in structuring power purchase agreements on the open market.
GE Renewable Energy offers a broad portfolio of end-to-end solutions for the green energy sector. According to the company’s own figures, GE Renewable Energy has so far installed more than 400 GW of renewable energy capacity worldwide. The company has over 40,000 employees across more than 80 countries.
The CMS team included Dr Holger Kraft (Picture), Lead Partner, Matthias Sethmann, Lead Principal Counsel, Dr Luise Pelzer, Senior Associate, Dr Constantin Lentz, Senior Associate, all Corporate/M&A, all Hamburg, Dr Kerstin Block, Partner, Banking & Finance, Hamburg, Dr Sebastian Cording, Partner, TMC, Hamburg, Dorothée Janzen, Partner, Christoph Zarth, Partner, both Commercial, Hamburg, Dr Hans Fabian Kiderlen, Counsel, Dr Tilman Petersen, Senior Associate, both Real Estate & Public, Hamburg, Christoff Henrik Soltau, Partner, Shaya Stender, Associate, both Competition & EU, Hamburg, Dr Matthias Schlingmann, Partner, Dispute Resolution, Hamburg.
Involved fees earner: Kerstin Block – CMS Hasche Sigle; Sebastian Cording – CMS Hasche Sigle; Dorothée Janzen – CMS Hasche Sigle; Hans Fabian Kiderlen – CMS Hasche Sigle; Holger Kraft – CMS Hasche Sigle; Constantin Lentz – CMS Hasche Sigle; Luise Pelzer – CMS Hasche Sigle; Tilman Petersen – CMS Hasche Sigle; Matthias Schlingmann – CMS Hasche Sigle; Matthias Sethmann – CMS Hasche Sigle; Christoff Soltau – CMS Hasche Sigle; Shaya Stender – CMS Hasche Sigle; Christoph Zarth – CMS Hasche Sigle;
Law Firms: CMS Hasche Sigle;