Global legal practice Norton Rose Fulbright has advised the renewable energy investment branch of Swisspower AG on the acquisition of 100% of the shares held by Spanish Acciona Energia Internacional S.A. in a German onshore wind park portfolio.

As part of its divestment programme, Acciona has decided to sell 18 onshore wind parks in Brandenburg and Lower Saxony consisting of 85 wind turbines from Vestas and Enercon. The total installed capacity of the wind turbines amounts to 150.3 MW; they produce approximately 280 million kilowatt hours equalling a power supply for 56,000 households.

As part of the transaction, an asset management company was also acquired, which will continue to operate and optimise the wind parks in the future.

Norton Rose Fulbright advised Swisspower on the acquisition and the refinancing of the portfolio with DEKA Bank.

The following Norton Rose Fulbright team was involved in the transaction:

Partners: Klaus Bader (lead partner corporate/M&A, tax), Dirk Trautmann (lead partner project finance), both Munich.
Of Counsels: Katrin Stieß (corporate/M&A), Susanne Forysch (energy) and Matthias Nordmann (antitrust and competition), all Munich.
Associates: Sebastian Frech, Armin Fary, Jacqueline Reinheldt, Raphael Suh, Hye-Sook Cho (all corporate/M&A, energy), Christian Bauer, Steffi Birkholz, Ines Heukäufer (all project finance), all Munich.

Acciona was advised by Willkie Farr & Gallagher LLP, Frankfurt.

DEKA Bank was advised by Hogan Lovells LLP, Hamburg.