P+P advises on acquisition of wind parks in France
EB Erneuerbare Energien Fonds Europa has acquired four wind parks in France with a total output of over 70 MW.
The wind parks are located in the Picardie region in the northern part of the country, in the central Hauts-de-France region around Paris and in the Pays de la Loire in western France. A total of 36 wind turbines produce approximately 190,000 MWh per year, which is equivalent to the usage of 40,000 households.
EB Erneuerbare Energien Fonds Europa is advised by EB – Sustainable Investment Management GmbH (EB-SIM), headquartered in Kassel, a 100% subsidiary of Evangelische Bank. With over 20 employees, EB-SIM currently oversees approx. EUR 3.8 billion in 93 mandates and funds.
The following P+P team advised the buyer on the transaction:
- Jens Hörmann (partner, lead, M&A/private equity, Munich)
- Nico Fischer (partner, tax, Munich)
- Jens Linde (associated partner, financing, Frankfurt)
- Jasmin Wagner (senior associate, M&A/private equity, Munich)
The law firm Jeantet, Paris advised the buyer on French law.