Linklaters has advised the Allianz Renewable Energy Fund on its purchase of the two photovoltaic ground mounted parks Green Tower II und III. The plants are located on the former military airbase Preschen in Jocksdorf, Brandenburg, and have a total capacity of around 55 MW. The project can produce eco-friendly electricity sufficient for approx. 12,000 four-person households per year. The solar parks were formerly owned by AB Unternehmensberatung & Beteiligungsgesellschaft mbH.

The AREF was launched as a closed-end fund for institutional investors in 2012 and closed in September 2013. Investors have committed approximately €150 million to the fund for its investments in lucrative renewable energy projects.

Allianz Global Investors is a diversified active asset manager with a strong parent company and culture of sound risk management. With 23 locations in 18 countries, it provides global investment and comprehensive research capabilities. Allianz Global Investors has a team of more than 525 investment specialists, and manages asset portfolios for private investors, family offices and institutional investors with a total value of over EUR 373 billion.

The Linklaters team was led by Thomas Schulz (Corporate/Energy, Berlin). Other team members included Oliver Rosenberg (Tax, Düsseldorf), Dr Markus Appel (Public Law, Berlin), Dr Carsten Grave (Competition/Antitrust, Düsseldorf), Dr Eva Reudelhuber (Banking, Frankfurt), Patrick Geortay (Capital Markets/Banking, Luxemburg), Martin Dressel (Corporate/Energy, Berlin), Judit Körmöczi (Banking, Frankfurt), Eliane Dejardin Botelho (Capital Markets/Banking, Luxemburg) und Dr Jens Hollinderbäumer (Corporate/Energy, Berlin).