Hengeler Mueller advises DONG Energy on the divestment of a 50% stake in Offshore Wind Park Borkum Riffgrund 1 to KIRKBI A/S and Oticon Foundation

DONG Energy signed an agreement for the sale of a 50% stake in the German offshore wind park Borkum Riffgrund 1 with KIRKBI A/S and Oticon Foundation. The purchase price amounts to EUR 627 m. DONG Energy will construct the wind farm with a capacity of 77 3.6 MW turbines and provide O&M services for a time period of 15 years. The purchase is subject to approval by the cartel authorities.

Hengeler Mueller advised DONG Energy on this transaction. The Hengeler Mueller team is led by partner Nicolas Böhm and includes partners Albrecht Conrad (both Corporate/M&A, Berlin), Thomas Schmidt Kötters (Regulatory, Düsseldorf), Jan D. Bonhage (Procurement, Berlin), Thorsten Mäger (Antitrust, Düsseldorf) as well as associates Jürgen Nosky (Frankfurt), Andreas Breier, Franziska Melcher, Konrad von Hoff, Marc Zedler, Sebastian Brack (all Berlin), Moritz Quecke and Jörg Meinzenbach (both Düsseldorf). Kromann Reumert (Partner: Anders Stubbe Arndal) advised DONG Energy on Danish law aspects in the project.