Osborne Clarke advises DAL Deutsche Anlagen-Leasing on project finance for Dutch Wind Farm Koningspleij developed by Prowind B.V.

Osborne Clarke has advised Deutsche Anlagen-Leasing GmbH & Co. KG (DAL) on the project finance for the construction of the SDE+ funded project Wind Farm Koningspleij with a capacity of 16.8 MW in the Gelderland region.

Wind Farm Koningspleij is a development of Pleij B.V. and consists of a total of four WTGs, of which three shall be owned and operated by Pleij B.V. in cooperation with Rijn en Ijssel Energiecoöperatie U.A. The fourth turbine will be operated by Raedthuys Pure Energie. This is the first financial close for a wind farm of the Dutch developer Prowind B.V., the initiator of Wind Farm Koningspleij and part of German Prowind Group. The construction is scheduled during the 1st quarter of 2021. Financial close was achieved in September (see also the Prowind press release). Wind Farm Koningspleij will provide clean energy for 11,000 households in the region.

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 and Mechteld Flohil (Notarial Services) from Osborne Clarke Netherlands.

“We are pleased to advise DAL and Prowind on this significant windfarm project in the Arnhem region. Osborne Clarke pairs in-depth legal and practical knowledge of the energy and lending markets to bolster our proposition as to-go-to shop for renewables projects and project financings. Osborne Clarke is truly sector orientated in this respect and able to put different legal disciplines across jurisdictions to work to get the job done. Good luck to Prowind to establish and operate the Koningspleij Wind Farm!"”, says Axel van der Staak, Partner Osborne Clarke Netherlands.

“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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