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  • Netherlands
  • Energy and infrastructure - Clean energy

01-07-2020

 

We advise on Europe’s largest floating solar project

Our Netherlands team has advised a consortium of investors on the acquisition of shares in Europe’s largest floating solar park, based in Zwolle in the Netherlands.

The consortium consists of Energiefonds Overijssel, Blauwvinger Energie and a private investor, supported by financing from ASN Groenprojectenfonds. They have acquired shares from the builder of the solar park, GroenLeven.

The Bomhofsplas solar project is the largest floating photovoltaic project in Europe and, largest outside China. Across over 18 hectares and 72,000 panels, the project has a generating capacity of 27.4MW.

Our energy team advised on numerous elements of the acquisition, including the due diligence, project agreements, real estate and asset rights, drafting and negotiating the SPA and other ancillary agreements, and implementing the buyers’ joint venture.

Michel Chatelin, Partner and global lead for floating solar projects said: “We are delighted that our focus and development on floating solar in recent years has been rewarded with involvement in this milestone project.”

Miriam van Ee, M&A and Projects Partner also commented: “This was a very exciting transaction with complex legal discussions; a major addition to our renewable energy track record. We again demonstrate ourselves to be a front running team in the renewable market.”

The team was led by Michel Chatelin and Miriam van Ee. They were supported by Partners Natascha Geraedts and Paul Goedvolk, Senior Associates Yannie Lam and Laetitia Goor and Associates Fons Leijten, Christine Strating, Carlos Henriquez Cubas and Kathinka Driessen.

Michel Chatelin, Partner
Miriam van Ee, Partner

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