Freshfields Bruckhaus Deringer LLP (Freshfields) has advised German energy company E.ON on a joint venture with Norwegian energy company Statoil.

Freshfields Bruckhaus Deringer LLP (Freshfields) has advised German energy company E.ON on a joint venture with Norwegian energy company Statoil. The joint venture is for Arkona wind farm.Arkona, which will be located in the Baltic Sea, will have a capacity of 385 megawatts and will be able to provide 400,000 homes with renewable energy. The wind farm is expected to be fully operational in 2019.

Statoil will have a fifty per cent stake in Arkona. E.ON will have responsibility for construction and oversight of the operations of the wind farm. Investment in the project is due to exceed €1.2 billion. E.ON will be the first company to operate wind farms in both the North and Baltic Seas.

The Freshfields team was led by partners Tobias Larisch in Dusseldorf, Torsten Schreier in Frankfurt, and counsel Martin Eimer in Munich.