Ashurst advises ERG on the acquisition of a 1524 MW portfolio of operational wind and solar assets
22 December 2021
22 December 2021
ERG, through its French and German subsidiaries ERG Eolienne France SAS and ERG Windpark Beteiligungs GmbH, acquired from NAEV Austria Beteiligungs GmbH and NAEV Austria GmbH & co. OG 100% of the capital of 15 companies with a portfolio of seven photovoltaic parks and three wind farms in France with a total installed capacity of 56.7 MW and 40.6 MW respectively, and five wind farms in Germany with a total of 55.1 MW.
A German pension fund owns the sellers and the assets were managed by German infrastructure manager KGAL through a Separately Managed Account.
Ashurst advised ERG on all aspects of the transaction.
The Ashurst team advising ERG was led by Paris Energy & Infrastructure M&A partner Vincent Trevisani with support from partner Jacques Dabreteau, senior associates Charles-Douglas Fuz, Mariana Simon and associates Tristan Choppin de Janvry, Alix Damecour and Jordan Ohayon. In Paris, further advice was provided by partners Philippe None, Hortense de Roux, Christophe Lemaire, Mark Barges and Pierre Roux, counsel Isaure Sander, senior associate Kevin Boyero and associates Lisa Vivent and Pauline Ducousso. German aspects of the transaction were led by Frankfurt Energy & Infrastructure partner Maximilian Uibeleisen with support from counsels Martina Rothe, Holger Mlynek, Bernd Bäumer, senior associate Alexandra Heitmann and associates Simon Groneberg, Rachel Wünsch, Nils Boie-Wegener and Quynh Anh Le.
"It is a pleasure to have worked with the ERG team on this important growth operation in Europe which allows ERG to consolidate its position of leading renewable energy producer in France and Germany in advance of its business plan forecasts", Vincent Trevisani said.