Osborne Clarke advises DAL Deutsche Anlagen-Leasing on project finance for Dutch solar farm Zonnepark Broekstraat developed by Prowind B.V.

Written on 5 November 2020

Osborne Clarke has advised Deutsche Anlagen-Leasing GmbH & Co. KG (DAL) on the project finance for the construction of the SDE+ funded project Zonnepark Broekstraat with a capacity of 19MWp in the Gelderland region.

Dutch developer Prowind B.V., the initiator of Zonnepark Broekstraat and part of German Prowind Group, has designed a landscaping around the solar project in consultation with local residents in Klarenbeek. The solar farm shall be ready for operation by mid-2021 and produce sustainable energy for around 5,000 households. The construction is scheduled during the 1st quarter of 2021. Financial close was achieved in October (see also the Prowind press release).

The international Osborne Clarke team led by Daniel Breuer (Transaction Lead/Energy) and Antje Günther (Finance Lead Germany) consisted of Karla Klasen (Energy), Reinhard Bunjes (Finance) and Daniel Huschen (Finance) from Osborne Clarke Germany and Axel van der Staak (Finance Lead Netherlands), Peter van der Horst (Finance), Marie-Louise Weeda (Corporate), Guusje Cornelissen (Corporate), Steven Verschuur (Regulatory), Casper Bos (Real Estate, Permits) and Cars-Jan van Gool (Notarial Services) from Osborne Clarke Netherlands.

“This project is yet another showcase for the successful energy transition in the Netherlands in recent years. The lean approach of the SDE+ regime makes the Dutch market very attractive for cross-border activities of experienced German developers, lenders and investors and we are glad that our Dutch-German renewable energy practice continues to play a vital role in this development”, says Daniel Breuer, Partner Osborne Clarke Germany.

“We appreciate the cooperation with Osborne Clarke’s well-coordinated cross-border team and can rely on their broad expertise in the renewable energy sector, pragmatic approach, high transaction security and speed” says Antje Gruber, Senior Project Manager, Infrastructure & Supply at DAL.

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Cars-Jan van Gool

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