72 MW – EUR 140 million: CMS Hasche Sigle advises private equity investor on acquisition and financing of Germany's largest solar park network

Hamburg – Germany's largest network of solar parks, comprising 12 individual parks, has been acquired by a long-term private equity investor. The photovoltaic parks with a total capacity of some 72 MW represent an investment of around EUR 140 million and are currently under construction in Brandenburg. The seller is ecolutions Solar Deutschland GmbH. Finance for the solar parks is being provided by HSH Nordbank in Hamburg. A team led by Dr Holger Kraft, partner in law firm CMS Hasche Sigle and an expert on renewable energy, advised the buyer on all aspects of the transaction. The 12 solar parks are currently being constructed by GP Joule PV GmbH & Co. KG in the Meuro district of Schipkau. The modules are being manufactured by Canadian Solar Inc. More than 300,000 solar modules are under construction on an area totalling around 150 hectares, enough to supply more than 17,500 households with electricity.

Advisers CMS Hasche Sigle (long-term private equity investor):

Dr Holger Kraft, Energy/Renewables (Lead Partner)
Dr Hilke Herchen, Corporate
Dr Jacob Siebert, Corporate
Dr Arne Burmester, Corporate
Dr Christiane Kusche, Public Law
Dr Fabian Kiderlen, Real Estate
Dorothée Janzen, Energy/Renewables
Friederike von Mangoldt, Energy/Renewables
Jan Messer, Energy/Renewables
Tim Stahlberg, Energy/Renewables
Dr Julia Runge, Finance

Advisers Watson, Farley & Williams (HSH Nordbank):

Thomas Hollenhorst

Advisers SATELL (ecolutions Solar Deutschland GmbH):

Burkhard Reppich
Dr Philipp Gold

Advisers Cornelius Krage (GP Joule PV GmbH & Co. KG):

Andreas Kolberg

Press Contact
presse@cms-hs.com