Statkraft acquires the Breeze Three portfolio: Baker Tilly advises wind farm operator on cross-border transaction

Jens SuhrbierEnergy

Baker Tilly, together with Osborne Clarke, has advised Breeze Three Energy GmbH & Co. KG on the restructuring and sale of the Breeze Three wind portfolio.

Breeze Three Energy GmbH & Co. KG has sold its entire wind farm portfolio consisting of 39 wind farms in Germany and four wind farms in France to companies of the Statkraft Group. The entire portfolio has a total of 203 wind turbines, of which 187 wind turbines are located in Germany, mainly in Bavaria, Baden-Württemberg, Hesse, Rhineland-Palatinate, Lower Saxony, Schleswig-Holstein, Saxony-Anhalt and Brandenburg as well as four wind turbines in the French regions of Normandy, Nouvelle-Aquitaine and Pays de la Loire. The entire portfolio has an installed capacity of 346 MW, of which the German portfolio accounts for 311 MW and the French portfolio for 35 MW.

The Baker Tilly team led by Jens Suhrbier (Corporate, Hamburg) provided lead legal and tax advice on the sale of the Breeze Three wind portfolio and was supported by Heinrich Thiele (Capital Markets, Munich), Dr. Stefan Meßmer (Antitrust, Stuttgart), Jan Oetzmann (Insolvency, Düsseldorf), Dr. Christian Engelhardt (IP, Hamburg) as well as Hans-Jörn Rohwer (Tax, Hamburg) and Matthias Chuchra (Tax, Hamburg), as well as Benoit Brossard (Oratio Avocats, France).

 "We are pleased to represent our long-standing client Breeze Three Energy GmbH & Co. KG once again successfully on this significant transaction," commented Suhrbier.

The Osborne Clarke team, which advised on the complex financing aspects, was led by Antje Günther (Financing, Osborne Clarke, Cologne), supported by Adriana Wolf (Financing, Osborne Clarke, Cologne), Olexiy Oleshchuk (Financing, Osborne Clarke, Munich), Mark Wesker (Financing/Capital Markets, Osborne Clarke, London), Dr. Thies Goldner (Corporate, Osborne Clarke, Hamburg), Veronique Fröding and Marie Trecan (both Financing, DS Avocats, Paris).

Antje Günther commented, "We are very proud to have successfully closed this transaction, which involved an extremely challenging cross-border financing issue."

Adviser Breeze Three Energy GmbH & Co.KG

Baker Tilly 

Osborne Clarke
 

Adviser Statkraft

Hogan Lovells LLP

White & Case LLP

KPMG Dusseldorf (Tax)
 

About Baker Tilly

With 37,000 employees in 148 countries, Baker Tilly offers a broad range of individual and innovative advisory services in the areas of Audit & Advisory, Tax, Legal and Consulting. Worldwide, auditors, lawyers, tax advisors and management consultants jointly develop solutions that are precisely tailored to each individual client and implement them with the highest standards of efficiency and quality. On the basis of an entrepreneurial consulting philosophy, the partners responsible for the mandates put together interdisciplinary teams of specialists that precisely meet the respective project requirements at both international and national level. In Germany, Baker Tilly is one of the largest partnership-led consulting firms with 1,160 employees at ten locations. The Baker Tilly Competence Centers and Industry Teams combine know-how and experience from different disciplines and industries in cross-professional teams, focusing on the specific requirements of clients and their markets. 

About Osborne Clarke

Osborne Clarke is an international business law firm with more than 1,800 employees in 26 offices worldwide, including 150 lawyers in Berlin, Hamburg, Cologne and Munich. With the claim "Helping you succeed in tomorrow`s world", distinctive industry knowledge through networking and outstanding competence, Osborne Clarke represents companies, entrepreneurs and investors in all practically relevant issues of business law, not only in selected sectors, but also focusing on the three key topics of Digitalization, Decarbonization & Sustainability and Urban Dynamics.

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