WFW advises Vortex on €625m acquisition of 49% stake in Ignis
Global renewable energy platform Vortex will invest over €625m into Ignis through its newly launched Vortex Energy IV Fund.
Global renewable energy platform Vortex will invest over €625m into Ignis through its newly launched Vortex Energy IV Fund.
This is a part of a larger transaction in which Noy Fund and Nofar acquire substantial holdings in Sunprime.
This ground-breaking transaction represents one of the first project financed solar plants in Uzbekistan using a long-term Power Purchase Agreement model.
Dogger Bank is being developed in three phases which, when operational, will be the world’s largest offshore wind farm with a total installed capacity of 3.6 GW.
WFW advised Wattcrop on the negotiation and signing of joint investment agreements with GIG, which intends to develop a further 750 MW of capacity over the next four years.
While 2020 proved to be a challenging year for offshore oil and gas markets, the same cannot be said about offshore renewables, which saw substantial growth. Offshore renewable projects achieved an estimated record project sanctioning of US$56bn, which, for the first time, represents a higher amount than offshore oil and gas.
We advised Cobra Concesiones S.L., on the financing of a 50 MW PV plant currently under operation in Albacete, Spain, owned by special purpose vehicle Bonete Fotovoltaica 1 SL.
Dr Malte von Seht was an associate in the Hamburg office from 2012 to 2020. He is now Legal Counsel at Siemens Gamesa, a global technology leader in the renewable energy industry focusing on the development, manufacture, installation and maintenance of wind turbines.
In the eighth article in our ‘Hydrogen – what is the hype about?’ series, we provide an overview of the state of play of the Greek hydrogen market
The wind farm comprises 50 E-92 turbines and benefits from a 20-year power purchase agreement with UTE, Uruguay’s state-owned utility.