Osborne Clarke has advised the CEE Group on the acquisition of Emmen PV Solarpark from BayWa r.e. in the Netherlands. The transaction is the CEE Group's first direct investment in the Dutch market. Its total portfolio will now increase to 680 MW. The purchase price is confidential.

The 30.7 MWp Emmen PV solar park is located approx. 180 km northeast of Amsterdam and consists of high-performance components. CEE Operations GmbH will carry out the commercial management, while BayWa Operation Services GmbH will take over the technical management. The solar park was connected to the grid at the end of 2018.

CEE Group, which is headquartered in Hamburg, is a private equity group that specialises in investing in physical assets and manages assets of about EUR 1.4 billion. CEE invests in energy generation projects in the wind and solar sectors. CEE Group’s investors are institutional investors with a long-term interest in the market for investments in renewables and physical assets. CEE Group was acquired by Brookfield Asset Management in 2017.

BayWa r.e is a leading global developer, service supplier, wholesaler and provider in energy solutions, delivering renewable energy solutions worldwide. BayWa r.e. has brought 2.5 GW of energy online – while managing 5.5 GW of assets in operation. BayWa r.e is a leading supplier to the solar wholesale market with a rapidly growing energy trading business. As an integral part of the EUR 16 billion BayWa Group, they work hard every day to find new solutions, push technological boundaries and actively shape the future of energy.

An international Osborne Clarke team led by Dr Christoph Torwegge (M&A) and Dr Daniel Breuer (Projekt Contracts / Regulatory) advised the CEE Group on this transaction. The team also included Cristine Brinkmann (NL/M&A), Casper Bos (NL/Commercial), Marie Louise Weeda (NL/Corporate), Cars-Jan van Gol (NL/Notary), Peter van der Horst (NL/Finance), Axel van Staak (NL/Finance) and Job van der Pol (NL/Tax).

Follow
Corporate communications and press contacts
If you are a journalist and would like comment or background from our legal experts, we can help. Our team will put you in touch with the best person. View a full list of our international press contacts by jurisdiction here.

Connect with one of our experts