Watson Farley & Williams Advised Orrön Energy On 234 MW Agrivoltaic Project Portfolio Sale
Watson Farley & Williams advised Orrön Energy on 234 MW agrivoltaic project portfolio sale
Watson Farley & Williams (“WFW”) advised Orrön Energy Greenfield AB (“Orrön Energy”) on the sale to Gülermak Renewables Deutschland Holding GmbH (“Gülermak Renewables”) of three agri-PV projects, where solar energy generation and farming are carried out on the same site.
Located in the German states of Mecklenburg-Vorpommern, Brandenburg and Saxony-Anhalt, the projects will continue to be developed by Orrön Energy until construction begins and will have a combined capacity of 234 MW.
Orrön Energy, part of the Lundin group of companies, is a Swedish renewable energy company focussed on operating and developing onshore assets to drive long-term shareholder value and support a sustainable energy future. Gülermak Renewables, part of the Turkish construction group Gülermak, is a leading independent power producer specialising in the generation of clean, sustainable energy through wind, solar photovoltaic and battery storage technology.
Wolfram said, “We’re delighted to have supported Orrön Energy in this transaction. Agrivoltaics is an innovative solution that maximises land use and plays a vital role in the global energy transition. Being instructed on deals of this nature underscores WFW’s expertise in the renewable energy sector”.
The Watson Farley & Williams team was led by Corporate Dr. Wolfram Böge (Partner), assisted by Marian Henkes (Senior Associate), and Stephanie Groß (Transaction Lawyer) as well as Sophia Graul (Associate), Richard Wichmann (Associate), Albert Merck (Associate) and Felix Wörner (Associate). Verena Scheibe (Partner), Manuel Rustler (Managing Associate), and Alexander Brune (Associate), advised on tax matters, whilst Sebastian Baum (Partner), and Katja Westermann (Associate) provided real estate expertise.
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