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Supporting the energy transition in Germany: Eversheds Sutherland advises RWE Renewables on a Joint Venture with Northland Power

  • Germany

    06-01-2022

     

    Eversheds Sutherland has advised RWE Renewables GmbH on a Joint Venture with Northland Power Inc. (NPI). The companies have joined forces to co-develop a 1.3 gigawatts cluster of offshore wind farms in the German North Sea. The three wind farms are expected to start commercial operation between 2026 and 2028. RWE Renewables will hold 51% and Northland Power 49% of the shares in the new Joint Venture.

    RWE Renewables, headquartered in Essen, Germany, is a leading global player in renewables and number 2 worldwide in offshore wind.

    Northland Power is a Canadian power producer operating clean and green global power infrastructure assets in Asia, Europe, Latin America, North America and other selected global jurisdictions. The company is publicly traded on the Toronto Stock Exchange.

    “Offshore wind is one of the main drivers of the energy transition in Germany. We are delighted to have supported RWE Renewables in this transaction. Through the joint venture with Northland Power our client further strengthens its renewables portfolio in Germany”, comments lead Partner Dr. Werner Brickwedde.

    RWE was represented by an Eversheds Sutherland team led by Partner Dr. Werner Brickwedde (corporate/M&A) and included Partners, Daniel von Brevern (competition law), Dr. Simon Weppner (tax,) and Dr. Martin Weitenberg (energy law, all Dusseldorf), Counsel Alexander Dartsch (corporate/M&A, Dusseldorf) as well as Associates Luise Paulsen (corporate/M&A, Munich) and Niklas Schilawa (tax, Dusseldorf).

    The RWE inhouse team under the main project leadership of Jutta Dissen (Director Partnerships & Transactions) and legal leadership of Zsuzsanna Sessel-Zsebik (Director Legal) consisted of James Kothanikkel, Aleksandra Vuks (Partnerships & Transactions) and Katja Koch (Legal Counsel, Solingen).

    NPI was comprehensively advised by CMS. The notarisation was executed by Dr. Hauschild in Dusseldorf.

     

    Dr. Werner Brickwedde, LL.M., Partner

    This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

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