Competition Law in the Digital Age - Newsletter October 2024
9 October 2024
Ørsted is purchasing the business of the Ostwind group, a German developer, owner and operator of onshore wind and solar photovoltaic projects in Germany and France. Ørsted is acquiring all shares in OSTWIND Erneuerbare Energien GmbH, OSTWINDpark Rotmainquelle GmbH & Co. KG, OSTWIND International S.A.S. and OSTWIND Engineering S.A.S. from OSTWIND AG, the group's holding company located in Regensburg, Germany, and other sellers.
The acquisition of Ostwind marks Ørsted's entry into the German and French onshore renewable energies markets and substantially expands Ørsted's onshore footprint in Europe.
With 115 employees at nine locations in Germany and France, Ostwind has a portfolio of 152 MW in operation and under construction, approximately 526 MW in advanced development, and approximately 1 GW in its development pipeline. The transaction remains subject to regulatory clearances.
Hengeler Mueller is advising Ørsted on the transaction. The team is led by partners Nicolas Böhm (Berlin) and Sebastian Schneider (Frankfurt) (both M&A/Energy) and includes partners Markus Ernst (Tax, Munich), Hendrik Bockenheimer (Employment, Frankfurt), Thorsten Mäger (Antitrust, Düsseldorf) and Fabian Quast (Public Law/Regulatory, Berlin), counsel Jörg Meinzenbach (Public Law/Regulatory and Antitrust) and Anja Balitzki (Antitrust) (both Düsseldorf), Marius Marx (Tax) and Johannes Baumann (M&A) (both Frankfurt) as well as associates Marika Öry, Moritz Weidemann, Georg Tauser, Christian Voigt, Antonius Rodewig, Talbot Zander (all Frankfurt), Tobias Schilling, Krzysztof Paluch (both Berlin) (all M&A), Rebecca Klein (Düsseldorf), Tom Pleiner, Anton Petrov (both Berlin) (all Public Law/Regulatory), Isabella Zimmerl (Tax, Munich), Tom Shingler (Financing) and Andreas Kaletsch (Employment) (both Frankfurt).
Manuel Rolfes (Lead Legal Counsel) is responsible for the transaction within Ørsted's in-house legal team.
Jeantet (partner Thierry Lauriol as well as counsel Martín Tavaut, Adrien Fourmon and Nicolas Goetz) are advising Ørsted on French law aspects of the transaction.
