CMS advises Stadtwerke Bielefeld on successful acquisition of wind farm in Hesse

Hamburg – Municipal utility company Stadtwerke Bielefeld GmbH (SWB) has taken another successful step in its programme of investment in renewable energy by acquiring a wind farm in the town of Schlüchtern, in the federal state of Hesse. The wind farm was built and sold by developer wpd onshore GmbH & Co KG, working in association with Renertec GmbH. Operational responsibility for the wind farm will continue to be handled by wpd. The purchase price of the facility was not disclosed.

A CMS team headed by lead partner Dr Holger Kraft and lead counsel Dr Hans Fabian Kiderlen advised Stadtwerke Bielefeld GmbH on all legal aspects of the wind farm acquisition, which is structured as a share deal.

The location of the wind farm ensures a high level of available wind. The facility complements SWB’s existing portfolio and boosts overall power generation from wind. The wind turbines in Schlüchtern have been operating since 2015, producing 34.5 million kilowatt-hours of energy a year – enough to power around 12,500 average homes.

With 1,232 employees and revenue of EUR 635.6 million, Stadtwerke Bielefeld GmbH is a major German municipal utility company.

CMS Germany

Dr Holger Kraft, Lead Partner
Dr Hans Fabian Kiderlen, Lead Counsel
Dr Susanne Keck, Associate
Gregor Lamersdorf, Associate, all Energy/Transactions
Dr Olaf Thießen, Counsel, Tax

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