The profound technical expertise and industry knowledge of the CMS team ensured ENCAVIS Asset Management were happy to place their trust in the legal advice of the international business law firm on the purchase of the Styrian wind farm Fürstkogel. With the support of CMS, Encavis is expanding its renewable energy portfolio for institutional investors.
The German company ENCAVIS Asset Management recently acquired the newly constructed Fürstkogel Wind Farm, which comprises five wind turbines with a total rated output of 17.25 MW, from the wind energy specialist ECOWIND Handels- & Wartungs-GmbH for the Encavis Infrastructure Fund III. Having successfully supported numerous projects in the renewable energy field in Central and Southeast Europe in recent years, CMS was once again able to advise on such a transaction. The interdisciplinary CMS team's advice ranged from legal due diligence and deal structuring to questions of real estate, environmental law and tax law.
"We are very pleased that we have once again had the chance to demonstrate our experience in the field of renewable energy," effused CMS Partner and energy law expert Johannes Trenkwalder about the transaction’s successful conclusion.
Under the leadership of Johannes Trenkwalder, the CMS core team comprised David Kohl (Associate, Corporate/M&A) and Florian Mayer (Associate, Corporate/M&A). Due to the comprehensive legal support, the team also included the infrastructure and real estate specialists Thomas Hamerl (Partner, Infrastructure/Real Estate), Vanessa Horaceck (Associate, Infrastructure) and Miriam Baierl (Associate, Real Estate), the tax experts Sibylle Novak (Partner, Tax) and Thomas Aspalter (Associate, Tax), as well as Christoph Birner (Associate, Banking/Finance) and Marco Selenic (Associate, Corporate/M&A).
Encavis Asset Management AG offers institutional investors tailor-made portfolios and fund solutions for investments in the growing renewable energy market. The company has been successfully investing in this area since 2006, covering the entire value chain from asset sourcing to the operational management of electricity plants. Encavis Asset Management AG is a wholly owned subsidiary of SDAX-listed Encavis AG (ISIN: DE0006095003, Prime Standard) and, as part of the Encavis Group, benefits from its many years of experience and extensive industry network.
Encavis AG is one of the leading independent and listed electricity providers (an Independent Power Producer, or IPP) in the field of renewable energies in Europe. The company acquires and operates solar power plants and (onshore) wind farms in Germany and nine other European countries. The total generating capacity of the Encavis Group currently amounts to over 2.4 gigawatts (GW).
A photo of Johannes Trenkwalder for free of charge use can be found here.