Watson Farley & Williams (“WFW”) advised German asset management firm Commerz Real AG (“Commerz Real”) on its acquisition, through its klimaVest fund, of 100% of the shares in Amance Energies, which owns the under construction Amance solar project with a total capacity of 47 MW from BayWa r.e. France SAS (“BayWa r.e.”).
The plant is being built on 42 hectares of land located near Troyes in the northern Aube department. It will be operational by September 2025 and will generate electricity sufficient for the average energy consumption of c. 11,000 households. BayWa r.e. will continue to act as Amance’s technical and commercial manager.
A Commerzbank Group company, Commerz Real has €35bn AUM. Its European long-term investment fund, klimaVest, has raised €1.5bn since launching in 2020.
With revenues of approximately €5.8bn, Germany’s BayWa r.e. is a leading global renewable energy developer, distributor and solutions provider. Based in 34 countries, it has connected over 6 GW to the grid and manages over 10.5 GW of renewable assets.
The cross-border, multidisciplinary WFW team that advised Commerz Real was led by Paris Partners Thomas Rabain (Corporate/M&A) and Laurent Battoue (Public Law and Project). They were supported respectively by Corporate/M&A Senior Associate Pierre Chipaux and Associates Mohamed Douib and Thibaut de Toytot, and by Public Law and Project Counsel Antoine Bois-Minot and Associates Amandine Collard, Juliana Brandao Marques, Marie Jannet, Catherine Masquelet and Léo Van Den Bussche. German law expertise was provided by Hamburg Partner Sebastian Baum, assisted by Associate Moritz Ferdinand von Baumbach.
BayWa r.e. were advised by a team from Jeantet.
