DLA Piper has advised First Solar, Inc., an international supplier of photovoltaic system solutions, on its investment in Younicos AG, a leading supplier of grid and energy storage solutions.

This deal forms part of the 50 million USD growth capital financing that comes from a consortium of First Solar, Inc., Grupo ECOS, a private equity firm specialising in sustainable investments, and an undisclosed strategic lead investor. The aim of this financing round is to enable the company to further scale its development of intelligent energy storage solutions.

The DLA Piper team led by partner Dr Silke Gantzckow (Corporate, Frankfurt) and included partner Dr Michael Holzhäuser (Cartel law, Frankfurt), senior associate Nicolas Dumont (IPT, Frankfurt), senior associate Anne Vins-Niethammer, transaction lawyer Roberto Fordiani and transaction lawyer Stephan Orf (all Corporate, Frankfurt).