Frankfurt/Main, 06.12.2024 – The Cicor Group, based in Bronschhofen, Switzerland (SIX Swiss Exchange: CICN), has acquired PROFECTUS GmbH, a service provider for the development and manufacture of electronic assemblies, and is thus expanding in Germany. PROFECTUS' customers include medium-sized companies and larger corporations, primarily in the industrial electronics and medical technology sectors. Cicor intends to continue operating the site in Suhl unchanged. The transaction is subject to the usual regulatory and other closing conditions and is expected to be completed in early 2025.A CMS team led by partner Dr Hendrik Hirsch provided comprehensive legal advice to Cicor on this transaction, successfully continuing CMS's support for Cicor in the consolidation of the market in the field of electronic manufacturing services. This is already the seventh Europe-wide transaction in which CMS has successfully represented Cicor. Cicor is a global provider of electronic total solutions, from research and development to production and supply chain management. With around 3,350 employees at 20 locations, Cicor serves leading companies in the medical, industrial, aerospace and defense sectors. Press Con­tact presse@cms-hs. com

Hamburg – Vattenfall has sold 49% of its shares in the Nordlicht 1 and Nordlicht 2 wind farm projects to BASF. The wind farm zone consists of two separate sites and is located in the German section of the North Sea, around 85 kilometres north of the island of Borkum. The two sites, Nordlicht 1 and Nordlicht 2, have planned capacities of approximately 980 MW and 630 MW, respectively. Full commissioning is scheduled for 2028, when a total of around six terawatt hours (TWh) of electricity is expected to be generated per year, enough to power 1.6 million German households. This makes the Nordlicht wind project the biggest offshore wind farm project that Vattenfall has realised to date. Construction is expected to start in 2026, subject to the final investment decision. Vattenfall is acting as developer and builder of both Nordlicht sites.A CMS team headed by partners Dr Holger Kraft and Dr Jacob Siebert advised Vattenfall on all legal aspects of the transaction. Vattenfall and BASF signed a Memorandum of Understanding with regard to the joint project in December of last year, when the CMS team likewise advised Vattenfall. CMS Germany Dr Holger Kraft, Lead Partner Dr Jacob Siebert, Lead Part­ner Dorothée Janzen, Partner, Com­mer­cial Mat­thi­as Sethmann, Principal Counsel Dr Christoph Löffler, Counsel Dr Stefan Kühl, Senior Associate Dr Christian Seeburger, Associate, all Corporate/M&A Dr Niklas Ganssauge, Partner Mathias Cordero, Senior Associate, both Real Estate & Public Christoff Soltau, Partner Dr Denis Schlimpert, Counsel Dr Robert Bodewig, Senior Associate, all Antitrust, Competition & Trade Dr Kerstin Block, Partner, Banking & Finance Prof. Malte Grützmacher, Partner, TMC Dr Nikolas Gregor, Partner, Intellectual Prop­erty Se­basti­an Belz, Counsel Katja Meisel, Senior Associate Knut Göring-Tisch, Associate, all Public Dr Arne Burmester, Principal Counsel  Birgit Wagner, Legal Manager Shae Lynn Washington, Legal Co­ordin­at­or  Sarah Przybylski, Senior Legal Specialist Edris Trabzadah, Senior Legal Specialist Jule Marie Holz, Legal Specialist, all Smart OperationsPress Con­tact presse@cms-hs. com

Faced with the ongoing energy crisis and ESG compliance requirements, companies are constantly asking themselves how they can deal with rising electricity prices and what energy supply alternatives are available. One environmentally friendly solution is often mentioned: photovoltaic systems. In today’s podcast in the “bei­geSTEUERt” series, Dr Hendrik Arendt talks to Dr Niklas Ganssauge, Dr Sebastian Orth­mann and To­bi­as Schneider about the issues raised by PV systems in relation to real estate law, energy law & tax law.

Hamburg - Investment company Marguerite Pantheon SCSp has sold its 22.5 percent stake in the German offshore wind farm Butendiek to the Irish investment company Greencoat Renewables PLC. The offshore...

Frankfurt/Main – Wiesbaden-based clearvise AG, which is listed on the Regulated Unofficial Market (Freiverkehr) in Düsseldorf, Hamburg and Munich, has successfully placed a total of 11,898,240 new...

Hamburg – A 100 MW facility for producing green hydrogen is set to be built on the site of the coal-fired power station at Rostock’s seaport within the next four years. The electrolysis plant will...

Hamburg – Investment company x+bricks has established the Aurinko joint venture together with the Hopp family office with the aim of constructing around 45 PV systems by the end of 2022 on the roofs...

1. Do the words “consequential loss” have a given meaning in law? German law – unlike English or other common law jurisdictions – does not explicitly recognise the terms “consequential loss”...

Hamburg – Global Tech Offshore Wind GmbH, the operating company behind the 400 MW Global Tech I wind farm in the North Sea, has completed a comprehensive refinancing of existing loans. The wind farm...

Here’s a selection of our energy sector credentials in Germany: ads-tec - Establishment of a joint venture with Bosch Thermotechnik GmbH for battery storage technology. Alliander on the successful award of a concession for the installation and operation of 220 electric car charging points in Berlin. EnBW Energie Baden-Württem­berg |Ad­vising on negotiations for a 15-year power purchase agreement (PPA) for a planned solar park in Mecklenburg Western Pomerania. EnBW Energie Baden-Württem­berg on the structuring of the offshore wind farm projects Hohe See and Baltic 2 and the sale of a 49.9% stake to Enbridge and Macquarie in a structured bidding process. Highland Group Holdings Limited on the acquisition, development and financing of the Veja Mate offshore wind farm and its partial sale to Siemens Project Ventures and CIP and on the joint sale of 80% of the shares to a European consortium. Netze BW and ED Netze - Advice and representation in numerous electricity and gas concession proceedings.N.V. Nederlandse Gasunie and Gasunie Deutsch­land - Advising on the acquisition of a stake in the EUGAL pipeline project from Gascade. Polish energy company - Advising on an agreement to trade electricity and gas using blockchain technology. PRISMA European Capacity Platform - Rep­res­ent­a­tion before the ACER Complaints Committee regarding the determination of the gas capacity platform to be used at the German-Polish border. Project planners and operators of renewable energy plants on project development, planning law, approval procedures, legal defence of the approval, direct marketing of electricity, proprietary electricity models, possibilities of avoiding grid fees, concession fees, electricity tax and EEG surcharge. Electricity and gas traders - Drafting of contracts for the purchase and sale of electricity, advice on gas and electricity supply contracts and on portfolio management contracts with industrial customers. TransnetBW and Tennet TSO - Public procurement law advice in connection with the preparation and implementation of the public procurement procedures for the SuedLink power line. VERBUND on various water-law licence and planning approval procedures for several hydroelectric power plants on the Inn and the Danube; issues include: EIA issues, water and environmental protection law, waste law, maintenance duties.

Hamburg – CMS has advised Encavis on signing a long-term power purchase agreement (PPA) and on the financing for a Spanish solar park. The ten-year PPA was concluded with a leading international utility...

Stuttgart / Warsaw – The municipally owned utility company Stadtwerke München has acquired the Jasna wind farm project in Poland from developer WKN and its subsidiary Sevivon, which both belong to...