International law firm Bird & Bird advises Norddeutsche Landesbank on the framework of a portfolio acquisition of four French onshore windfarms sold by Volkswind GmbH to German EB Erneuerbare Energien Fonds Europa, a fund of EB – Sustainable Investment Management GmbH (EB-SIM).
The portfolio comprises four French onshore windfarms initially developed and operated by Volkswind GmbH, a subsidiary of Swiss-based energy trader Axpo Group. Volkswind will continue to provide technical and commercial services to the windfarms.
The Bird & Bird Energy and Finance team in Paris advised on the framework of the portfolio acquisition and the change of control documentation. The work was led by Paris partner Sibylle Weiler and was assisted by Counsel Ann-Claire Beauté.
Heiko Ludwig, Global Head of Structured Finance at Norddeutsche Landesbank comments: "It's been a pleasure to work again with Sibylle and her team at Bird & Bird. They provided us with the expert advice which allowed us to complete the transaction seamlessly. We look forward to work with Bird & Bird on other French onshore windfarms in the future"
Sibylle Weiler, partner in the Energy & Utilities sector group at Bird & Bird says: "Our work with Norddeutsche Landesbank demonstrates our specialist energy and finance expertise, particularly around financing documentation and portfolio acquisitions. We look forward to continuing to support Norddeutsche Landesbank in months ahead."