28 April 2020
Thüga Erneuerbare Energien GmbH & Co. KG (THEE) is expanding its portfolio with two existing wind farms in Brandenburg and Rhineland-Palatinate and two solar parks in Mecklenburg-Western Pomerania. This will increase THEE's wind energy portfolio by 13.6 MW to around 282 MW. In 2018 / 2019 THEE had already acquired six solar parks, some of which are operated by its subsidiary THEE Solar GmbH & Co. KG, which is partly operated by its subsidiary THEE Solar GmbH & Co. With the current acquisition of the two additional projects THEE's solar energy portfolio increases by 3.2 MWp to 14.2 MWp. The municipal investor now operates a total of 27 wind farms and eight solar parks. The energy team of Taylor Wessing advised THEE on the legal aspects of the acquisitions, as they have done several times in the past, under the leadership of Hamburg partner Carsten Bartholl. These are not isolated cases: In the past year alone, the firm's energy team advised on renewable energy projects with a volume of more than 2,500 MW in various development phases in Europe and overseas.
Thüga Erneuerbare Energien GmbH & Co. KG (THEE), based in Hamburg, is a joint venture of several companies of the Thüga Group. All companies are minority shareholders in THEE. All companies of the Thüga-Group are generally entitled to participate in THEE. The joint venture invests in projects for renewable energy production with focus on Germany. The aim of THEE is to bundle know-how and capital in order to expand its own energy production from renewable sources in the coming years.
Legal Advisors THEE
Carsten Bartholl (Partner, lead manager M&A, Head of Energy, Hamburg), Hannes Tutt (Salary Partner, Commercial Real Estate, Hamburg), Dr. Markus Böhme, LL.M. (Salary Partner, Regulatory Energy Law, Düsseldorf), Lars Borchardt (Associate, Environmental Planning & Regulatory); Christian Kupfer (Associate, Corporate/Energy), Jasmin Schlee (Associate, Corporate/Energy), all Hamburg if not stated otherwise.