Simmons & Simmons advises European Energy Group on the sale of a Danish solar portfolio with a total capacity of 70 MW

21 Dec 2018

The portfolio, which is spread over eight locations, has a total capacity of 70 MW peak. It was built at the beginning of 2018 by the European Energy Group, an internationally active provider of renewable energies from Denmark, and connected to the power grid.

Prior to and during the transaction, the European Energy Group received comprehensive legal and tax advice from an international team led by partner Dr Stephan Ulrich and Counsel Karin Hribar.

Lead Partner Dr Stephan Ulrich  Simmons & Simmons Düsseldorf, comments: "We have advised our long-time client European Energy Group on several challenging transactions in the past. This clearly shows our strengths in the execution of cross-border M&A transactions, projects, but also in the field of renewable energy".

European Energy A/S, based near Copenhagen in Denmark, is a private company in the renewable energy sector that develops, finances, builds and operates solar PV and wind energy projects. Since 2004, 65 wind projects and 29 solar projects have been realised in six countries. Together, these projects have an installed capacity of 802 MW with an investment volume of more than EUR 1 billion. European Energy A/S currently has almost 500 MW of capacity under construction in six countries.

re:cap Global Investors AG is an internationally active independent M&A advisor and asset manager for renewable energies based in Zug, Switzerland. With a specialized team of mainly solar and wind energy experts, clients are supported in the evaluation and selection of suitable projects. Upon request, re:cap also acts as the operator of the plants.

The Simmons & Simmons team includes: Dr Stephan Ulrich (Lead, Corporate / M&A) and Karin Hribar (Corporate / M&A) as well as Christopher Serke (Corporate / M&A), Heiko Stoll (Tax) and Dr Martin Gramsch (Merger Control).

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