Stuttgart, 09.08.2024 – GGEW AG, a regional provider of energy, telecommunications, mobility and infrastructure based in Bensheim, South Hesse, has successfully acquired Innovationspark, a hybrid solar park in Wald-Michelbach which is the result of a joint project with developer ABO Energy. In addition to generating energy, the site is able to store the electricity as needed in its own large-scale storage facilities. This makes the park among the innovation projects eligible for support under Germany’s Renewable Energy Act (Erneuerbare-Energien-Gesetz, EEG). It is one of the first plants of this type in Hesse and the largest electricity storage facility in the region. The acquisition of Innovationspark adds a further ground-mounted photovoltaic power station with a capacity of 4.68 megawatts to the existing 40+ photovoltaic plants operated by GGEW. The company’s total output from its green power generation facilities is around 125 megawatts.
A CMS team headed by lead partner Dr Carolin Armbruster advised GGEW on all legal aspects of the deal, both prior to acquisition in the due diligence phase and during the contract negotiations on the acquisition of GGEW’s first hybrid solar park.
CMS Germany
Dr Carolin Armbruster, Partner, Lead
Dr Jochen Lamb, Partner
Martina Meier-Grom, Counsel
Birgit Schlemmer, Counsel
Dr Miriam Bach, Senior Associate, all Corporate/M&A
Dorothée Janzen, Partner
Anastasia Shelestova, Senior Associate, both Commercial
Dr Ursula Steinkemper, Partner
Dr Stefan Voß, Partner
Lukas Potstada, Counsel
Tamara Bux, Associate, all Real Estate & Public
Dr Martin Mohr, Partner, Tax
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