Linklaters advises a fund managed by Allianz Global Investors on the acquisition of a 142 MW wind farm portfolio from PNE WIND

Linklaters advised Allianz Global Investors on the acquisition of 80% of the shares in a 142 MW wind farm portfolio from PNE WIND. The acquirer is “Allianz Renewable Energy Fund 2”, a fund managed by Allianz Global Investors. Furthermore, there exists an option to acquire another wind farm with a capacity of approx. 10 MW. 20% of the shares remain with the previous owner. It is the largest wind farm sale completed by PNE in its corporate history so far. The closing took place on 29 December 2016.

A Linklaters team led by Thomas Schulz and Dr Jens Hollinderbäumer (both Corporate/Energy, Berlin) advised on the transaction. The team also included Dr Markus Appel (Public Law, Berlin), Oliver Rosenberg (Tax, Düsseldorf), Markus Wollenhaupt (IMG, Frankfurt), Judit Körmöczi (Banking, Frankfurt), Kirsten Placke (Tax, Düsseldorf), Martin Dressel (Corporate/Energy, Berlin), Anna Burghardt (Public Law, Berlin), Tobias Chowdhury (Banking, Frankfurt), Sebastian Bruchwitz (IMG, Frankfurt), Dr Christian Groß-Bölting, Axel Binder (both Corporate/Energy, Berlin), Sebastian Meyn (Public Law, Berlin), Sercan Özer Demiral (Banking, Frankfurt) and Philipp Brauksiepe (Tax, Düsseldorf).