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CMS advises on biomass cogeneration plant in Wismar sponsored by Wismar Pellets GmbH, PEARL Infrastructure Capital and Macquarie’s Green Investment Group

12/03/2021

Hamburg – Wismar Pellets GmbH, PEARL Infrastructure Capital and Macquarie’s Green Investment Group (GIG) have achieved financial close of the Bioenergie Wismar combined heat and power (CHP) biomass plant project. The CHP plant will be located in the harbour of Wismar and is set to be one of the largest combined heat and power biomass plants in Europe.

A CMS team headed by Lead Partner Dr Holger Kraft and Lead Principal Counsel Matthias Sethmann has provided comprehensive advice to the project with regard to the project contracts for the CHP project, including drafting and negotiation of the suite of construction contracts. 

Co-developed by Wismar Pellets and GIG, the CHP biomass plant will generate up to 18 MWe of electricity and 27 MWth of renewable heat. PEARL Infrastructure Capital will be the majority shareholder of Bioenergie Wismar GmbH. Commercial operations are anticipated to commence in Q4 2022. 

Wismar Pellets GmbH, based in Wismar, is one of the leading producers of wood pellets in Europe.

Macquarie’s Green Investment Group (GIG) is a specialist in green infrastructure principal investment, project development and delivery, green impact advisory and the management of portfolio assets. Macquarie Group Limited (Macquarie) is a diversified financial group providing clients with asset management and finance, banking, advisory and risk and capital solutions across debt, equity and commodities.

PEARL Infrastructure Capital (PEARL) is a private equity investment fund dedicated to the energy and ecology transition in Europe. Founded by seasoned professionals from the energy and environment industry in partnership with Edmond de Rothschild Private Equity, PEARL completed its final closing in March 2020 with a total commitment in the fund of 280 mn € (i.e. an investment capacity of ca. 1.2 bn € in projects) which is currently being deployed into European assets in the following sectors: (i) production of baseload renewable energy such as biomass cogeneration plants, (ii) waste valorisation and (iii) water cycle management.

CMS Germany

Dr Holger Kraft, Lead Partner, Hamburg
Matthias Sethmann, Lead Principal Counsel, Hamburg
Dr Luise Pelzer, Senior Associate, Hamburg, all Corporate/M&A
Dr Kerstin Block, Partner, Hamburg, Banking & Finance

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