Global law firm Dentons has advised Q-Energy on the acquisition of a portfolio of 16 wind parks in Germany from MEAG. The transaction includes a total of 56 wind turbines in northern Germany with an installed capacity of 109 megawatts. The parties have agreed not to disclose the purchase price.
Q-Energy is an investor, project developer and asset manager in renewable energy and employs more than 300 people. The company’s medium-term goal is to become a leading platform for renewable energy in Europe and a market leader in the repowering segment in Germany. The company recently closed its fourth private equity fund for renewable energy with €1.1 billion in equity commitments, of which about 60% is already invested in Germany, Spain, Italy, and Poland.
MEAG is the asset manager of Munich Re and ERGO. MEAG is present in Europe, Asia and North America and offers its know-how to institutional investors and private clients. In total, it currently has investments worth €328 billion under management.
Partners Dr. Thomas Dörmer and Dr. Tim Heitling, who focus on transactions in the energy and infrastructure sector, led the multi-competency Dentons team, which provided both legal and tax advice on the transaction. The team included partners Josef Hainz, Holger Ellers, Daniel Barth, Philipp Becker, Michael Helm, Stephan Busch, and Axel Schlieter; counsel Daniel Neudecker, Giannina Kreutz, Laura Appell, Silke Woschnik, and Valeria Hoffmann; and associates Annekathrin Markert, Anna-Luise Werder, Philipp Hoffmann, Lisa-Charlotte Krause, Julia Heitmann and Philipp Scharenberg.