Watson Farley & Williams (“WFW”) has advised NeXtWind Capital Ltd (“NeXtWind”) on its strategic acquisition of an onshore wind portfolio comprising ten wind farms with more than 60 wind turbines and a total capacity of more than 112 MW from Qualitas Energy Deutschland GmbH. The wind farms are currently being repowered, which is expected to increase their total capacity to more than 300 MW. The transaction doubles NeXtWind’s total renewables portfolio at one stroke.
The acquisition is NeXtWind’s first major deal with its new partners Sandbrook Capital and Canadian institutional investors Public Sector Pension Investment Board (PSP Investments) and IMCO. Founded in 2020, NeXtWind is a fast-growing wind energy company that is systematically expanding and repowering its portfolio of 21 wind farms with more than 150 wind turbines, including this latest acquisition. After repowering, its overall portfolio will have a capacity potential of 750 MW+, enabling the company to supply up to 400,000 households with green energy and save over one million tons of CO2 annually.
The multidisciplinary WFW team that advised NeXtWind was led by Hamburg Corporate Partner Dr Wolfram Böge, supported by Managing Associate Christian Schindler and Associate Marian Henkes (both Corporate/M&A) as well as Managing Associate Eva Reiter, Associates Julian Kasper and Daniel Schaub Hernandez and Felix Wörner (all Corporate/M&A). Partner Dr Maximilian Boemke advised on regulatory matters with the support of Senior Associate Dr Eva-Maria Christiansen and Associates Lara-Katharina Burandt and Marina Scharfenberg, whilst Partner Dr Sebastian Baum and Managing Associates Annekathrin Hoffmann, Senior Associate Julia von der Blumensaat as well as Transaction Lawyers Tetiana Arkhipova and Stefanie Igl covered aspects of real estate law. Finance Partners Thomas Hollenhorst and Florian Kutzbach contributed with the support from Senior Associate Roman Schneider and Associate Stefan Riedmeyer. Partner Dr Christine Bader advised on Merger Control/FDI matters and Partner Verena Scheibe and Senior Associate Manuel Rustler on tax law.
Wolfram commented: “We are proud to have advised our long-standing client NeXtWind on this strategic deal. The assignment once again underlines our outstanding expertise in handling complex international transactions involving a multitude of stakeholders and legal disciplines”.
