Taylor Wessing advises BayWa r.e. on the sale of two wind farms to ENOVA and KGAL

A team led by Hamburg Corporate Partner Dr Tillmann Pfeifer from international law firm Taylor Wessing has advised BayWa r.e. Wind GmbH on the transaction documentation (share purchase agreements and general transfer agreements) for the sale of the Jembke wind farm in Lower Saxony to ENOVA and the Reichenbach wind farm in Rhineland-Palatinate to KGAL. Both wind farms are still in the construction phase. 

The Jembke wind farm comprises three Nordex wind turbines and will have a total capacity of 15.3 MW generating around 28,000 MWh of electricity per year after completion in May 2025. The Reichenbach wind farm is being built with three Vestas wind turbines with a total output of 18.6 MW and is scheduled to start feeding around 42,000 MWh of green electricity into the grid in November 2024. 

About BayWa r.e.

BayWa r.e. is a leading global developer, service provider, PV wholesaler and supplier of energy solutions in the field of renewable energies with branches in 34 countries and revenue of almost €5.8 billion. It offers end-to-end project solutions with subsequent technical and commercial operations management. As an independent power producer, BayWa r.e. has a growing portfolio and energy trading business. The company has successfully connected renewable energy plants with an output of over 6 GW to the grid and manages plants with an output of over 10.5 GW.

Legal advisers to BayWa r.e. Wind GmbH

Taylor Wessing Germany: Dr. Tillmann Pfeifer (Lead Partner, Corporate / M&A, Hamburg), Dr. Angela Menges (Salary Partner), Corvin Gutzeit, (Associate) (all Corporate / M&A, Hamburg), Dr. Markus Böhme, LL.M. (Partner, Environmental Planning & Regulatory, Düsseldorf), Tobias Rhode, LL.B. (Salary Partner, Restructuring, Hamburg), Hannes Tutt (Salary Partner, Commercial Real Estate, Hamburg)