This website uses cookies so that we can provide you with the best user experience possible. Our Cookie Notice is part of our Privacy Policy and explains in detail how and why we use cookies. To take full advantage of our website, we recommend that you click on “Accept All”. You can change these settings at any time via the button “Update Cookie Preferences” in our Cookie Notice.
Technical cookies are required for the site to function properly, to be legally compliant and secure. Session cookies only last for the duration of your visit and are deleted from your device when you close your internet browser. Persistent cookies, however, remain and continue functioning on repeat visits.
CMS does not use any cookie based Analytics or tracking on our websites; see details here.
Personalisation cookies collect information about your website browsing habits and offer you a personalised user experience based on past visits, your location or browser settings. They also allow you to log in to personalised areas and to access third party tools that may be embedded in our website. Some functionality will not work if you don’t accept these cookies.
26/02/2021
Hamburg – Shell Overseas Investment B.V. (Shell) has agreed to acquire 100 percent of the shares of virtual power plant (VPP) operator Next Kraftwerke GmbH from its consortium of shareholders. The parties have agreed not to disclose the volume of the transaction, which is subject to approval by the regulatory authorities. The deal is expected to complete during the second quarter of 2021.
A CMS team headed by lead partner Dr Holger Kraft advised Shell on all legal aspects of the transaction.
Shell has a presence across the entire energy system,with a target to be a net-zero emissions energy business by 2050, in step with society’s progress towards achieving net zero. This acquisition is in line with Shell’s customer-focused integrated power strategy that will help the company in its ambition to become a leading provider of clean Power-as-a-Service. Shell aims to sell around 560-terawatt hours of electricity a year by 2030, twice as much as it sells today.
Next Kraftwerke is one of the world’s largest VPP operators, remotely connecting and managing over 10,000 decentralised energy units across eight countries in mainland Europe. These units – which include photovoltaics, bioenergy and hydropower – produce electricity that is traded on the wholesale electricity markets on behalf of Next Kraftwerke’s customers.
Dr Holger Kraft, Lead Partner
Dr Dirk Baukholt, Counsel
Dr Luise Pelzer, Senior Associate
Laura Moosleitner, Senior Associate, Dr Constantin Lentz, Senior Associate
Marvin Hoffmann, Associate, all Corporate/M&A
Dr Nikolas Gregor, Partner, Intellectual Property
Dr Jörn Heckmann, Counsel, TMC
Christoff Henrik Soltau, Partner
Dr Björn Herbers, Partner
Dr Denis Schlimpert, Senior Associate
Daphne Brunkhorst, Associate, all Competition & EU
Dr Heino Büsching, Partner
Dr Olaf Thießen, Principal Counsel
Dr Martin Mohr, Counsel, all Tax Law
Dorothée Janzen, Partner, Commercial Law
Dr Kerstin Block, Partner
Dr Joachim Kaetzler, Partner
Moritz Gerstmayr, Counsel, all Banking & Finance
Dr Philipp Nonnenmühlen, Senior Associate, Labour, Employment & Pensions
Dieter Zandler, Partner
Sanela Fürstenberg, Associate
Georg Gutfleisch, Associate
Alexandre Morel, Partner
Pierre de Kerpoisson, Associate
Russell Hoare, Partner
Press Contact
[email protected]
Social Media cookies collect information about you sharing information from our website via social media tools, or analytics to understand your browsing between social media tools or our Social Media campaigns and our own websites. We do this to optimise the mix of channels to provide you with our content. Details concerning the tools in use are in our privacy policy.