Statkraft Completes Acquisition of Breeze Three Renewable Asset Portfolio in Germany and France


White & Case, Hogan Lovells and KPMG are pleased to announce that they have advised Statkraft on the acquisition of the Breeze Three wind portfolio.

The Breeze Three portfolio includes 38 wind farms in Germany and four wind farms in France with a total capacity of over 350 MW. Through a share purchase transaction, the Statkraft group acquired the assets in Germany and France with the objective of replenishing the onshore wind portfolio over the next few years.

The transaction was led by Statkraft’s internal team led by Thomas Paliege (Head of Legal Germany), Christina Kohlmann (VP Group Tax Germany), Franck Dussurgey (Senior Legal Counsel) and Friederike Spaniol (Senior Compliance Officer).

Statkraft was legally advised by White & Case as well as by Hogan Lovells. The essential tax work in the transactions was advised by KPMG Düsseldorf.

KPMG’s tax team was led by Ingo Rieke, Partner International Transaction Tax, advising Statkraft on international transactions and taxes for many years. In addition, Senior Director Hannes Haefele (Tax Due Diligence), Director Mark Mischke (Tax Structuring, SPA) and Senior Partner Jens Panek completed the team.

Ingo Rieke commented: “We are very proud to close this transaction after almost 18 months with very difficult tax structuring. “

The Hogan Lovells team was co-led by Dr Tobias Faber and Dr Carla Luh for the financial aspects. Both are partners of the Hogan Lovells Infrastructure, Energy, Resources and Projects team.

Tobias Faber and Carla Luh commented jointly: “Statkraft is a major player in the implementation of the energy transition and the net zero agenda, which is also of great importance to Hogan Lovells. We are proud to have supported our long-time client Statkraft on the complex financing aspects of its first large-scale wind investment in Germany and France.

The team was also supported by Dr Alexander Stefan Rieger (Infra / Energy M&A), Desirée Maier (Investigations & Compliance), Senior Associates Christian Hermanussen, Jürgen Kess and Marco Weibrecht, as well as partners Jens Velten, Jan Hendrik Müller and Pascal Wagenführ (all infrastructure, energy, resources and projects).

White & Case advised Statkraft on mergers and acquisitions, energy regulation and finance. The team was co-led by board Dr. Carsten Rodemann and his partner Thomas Burmeister (both M & A / Energy) and included partners Dr. Jörg Kraffel (M & A / Energy), Florian Degenhardt (EIPF), Dr. Riaz Janjuah (Restructuring) and Nathalie Negre-Eveillard (M & A / Corporate), local partners Dr. Thyl Hassler (M & A / Corporate), Matthias Grigoleit (EIPF), Béla Knof (Restructuring) and Dr. Andreas van den Eikel (Real estate), counsel Kathrin Ahting (Public Law) and collaborators Jonas Tangermann (Restructuring), Verena Rudolph (M & A / Energie), Maximilian von Möllendorff, Baptiste Fondeur, Tala Ayoub (all M & A / Corporate), Christian Crohn (Public Law), Christian Riederer, Camille Fouque ( both EIPF), Henri Bousseau and Anne Sauvebois-Brunel (both real estate).

Dr. Armin Hauschild, Düsseldorf, acted as notary.


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