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WFW advises IWB on the acquisition of the 21 MW Calau-Schadewitz wind farm in Brandenburg

15 November 2012

EN | DE

Watson, Farley & Williams (“WFW”), a leading international law firm, is pleased to announce that it has advised Industrielle Werke Basel (“IWB”) on legal and tax aspects relating to the acquisition of the Calau-Schadewitz wind farm from Meissen, Germany based UKA-Group.

The newly built wind farm in Brandenburg, Germany was connected to the grid in 2012 It was acquired as a turnkey project and operates seven 3 MW VESTAS V112 wind turbines with a hub height of 140 metres. The wind turbines will produce an average of 60.2 GWh annually, which will supply green energy to 5,300 three-person households. This is equivalent to an annual saving of 60,000 tonnes of carbon dioxide.

IWB, a Swiss utility company serving clients in Basel and northwest Switzerland, only supplies electricity generated solely from renewable energy. The Calau-Schadewitz site is the first wind farm acquisition for IWB in Germany and brings the energy provider’s total number of renewable sites to nine, five of which are wind energy.

In January 2012 WFW advised IWB on their acquisition of the Rageade wind farm, located in France.

The Hamburg-based WFW team was led by partner Dr. Marcus Bechtel (Energy). He was supported by partners Gerrit Bartsch (Tax) and Sven Fretthold (Project & Structured Finance) as well as associates Jan-Eike Andresen (Project & Structured Finance), Cathrin Krüger (Energy), Dr. Petra Welge, Dr. Ralf Hangebrauck (both Corporate), Alexander Schroer (Real Estate) and Timo Kopman (Tax).

WFW lead partner Dr. Marcus Bechtel commented: “We are very delighted to support IWB on their first successful completion of a wind farm acquisition in Germany. This transaction, coupled with the additional wind farm acquisitions undertaken for IWB previously in France, highlights the expertise our lawyers in Hamburg and Paris offices bring to this long-standing client.”

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