CMS Hasche Sigle advises Northland Power on wind park acquisition
CMS Hasche Sigle has advised the Canadian power producer Northland Power on the acquisition of an 85 per cent majority in the offshore wind parks Nordsee One, Nordsee Two and "Nordsee Three" from the German utility RWE's daughter company RWEI Innogy.
The offshore wind farm "Nordsee One" is located approximately 40 kilometers north of the German island of Juist in the German Exclusive Economic Zone. From 2016 onwards, 54 turbines with a combined capacity of approximately 332 MW will be erected there. The turbines are expected to generate 1,300 gigawatt hours per year and will, from 2017 onwards, supply approximately 400,000 German households with energy. The development of this offshore wind farm is already far progressed.
The projects "Nordsee Two" and "Nordsee Three" have a combined capacity of approximately 670 MW and are located directly adjacent to Nordsee One. Both projects have already been granted the necessary permits by the Federal Maritime and Hydrographic Agency. Both projects are planned to be realized within the years following commissioning of Nordsee One.
Northland Power is a Canadian power producer and has its corporate seat in Toronto. RWE Innogy is a daughter company of the German utility RWE and steers the projects of RWEI in the renewables sector.
Holger Kraft, Hilke Herchen and Eckhart Gottschalk of the Hamburg office of CMS Hasche Sigle were the lead partners advising Northland Power in this deal.
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