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CMS Hasche Sigle advises Dutch renewable energy group Econcern/Evelop on majority holding in the offshore wind park "Gode Wind I"

28/11/2007

The Dutch renewable energy developer Evelop has acquired a majority holding in project company "PNE Gode Wind I GmbH" from wind park project company Plambeck Neue Energien AG. The "Gode Wind I" project, which will be set up in the North Sea, has received the necessary licence from the Federal Maritime and Hydrographic Agency. This offshore wind park project will permit the construction of 80 wind energy plants with a capacity of 400 megawatts. This is the first major acquisition in Germany of a holding in an offshore project.

Evelop realises renewable energy projects in Europe and Latin America. The Q7 Dutch offshore wind park, which is currently under construction, is one of Evelop's prestige projects. Evelop develops saltwater cooling plants and energy-efficient commercial and residential properties as well as wind, bio-mass and solar energy projects.
Evelop is part of the Econcern Group, which employs over 800 employees and generated turnover of 240 million euro in 2006. With its current project portfolio Evelop aims to generate 4,000 to 5,000 megawatts of green energy from renewable sources worldwide. This is the equivalent of power for four to five million European households. In Germany the Econcern group is represented in Cologne, Nuremberg and Berlin. The Econcern group includes Ecostream, Ecofys and Ecoventures as well as Evelop.

Adviser to Evelop
CMS Hasche Sigle

Dr Holger Kraft (Renewable Energies, Lead Partner)
Dr Jan Schepke (Corporate / M&A, Lead Partner)
Dr Hjalmar Vagt (Public Law, Energy)
Dr Maxi Keller (Public Law, Energy)
Dr Heino Büsching (Tax)
Dr Alexander Hille (Tax)
Dr Eckhart Gottschalk (Corporate)
Dr Marcel Hagemann (Corporate)
Dr Marc Riede (Financing)

Contact CMS Hasche Sigle:

Dr Holger Kraft
Tel.: +49 (0) 40 / 37630-355
E-mail: [email protected]

About CMS Hasche Sigle:

CMS Hasche Sigle is one of the leading German law firms with more than 500 lawyers. It covers the entire area of commercial law and provides legal advice to major German and international companies from a wide spectrum of industry. It has offices in Berlin, Cologne, Duesseldorf, Frankfurt, Hamburg, Leipzig, Munich, Stuttgart, Chemnitz, Dresden, Brussels, Belgrade, Moscow and Shanghai. The Hamburg team, led by partners Kraft and Schepke, has advised the rapidly growing renewable energy sector from the outset and over the past few years has been focussing increasingly on transactions.

CMS Hasche Sigle is a partnership of lawyers and tax consultants; for register details / list of partners see www.cms-hs.com

CMS Hasche Sigle is a member of CMS, an alliance of leading independent European law firms. With over 595 partners, a total of 2,000 lawyers and tax consultants and around 4,200 support staff we advise our clients at commercial locations in 48 business centres in Europe and further afield on legal and tax issues.

In addition to CMS Hasche Sigle, the following firms are also members of the CMS alliance: CMS Adonnino Ascoli & Cavasola Scamoni (Italy), CMS Albiñana & Suárez de Lezo (Spain), CMS Bureau Francis Lefebvre (France), CMS Cameron McKenna LLP (Great Britain), CMS DeBacker (Belgium), CMS Derks Star Busmann (the Netherlands), CMS von Erlach Henrici (Switzerland) and CMS Reich-Rohrwig Hainz (Austria). CMS has 58 offices in 25 countries around the world.

For further information on CMS Hasche Sigle see www.cms-hs.com and on the CMS alliance see www.cmslegal.com.