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E+H and Taylor Wessing Advise on Wien Energie’s Acquisition of Austrian Wind Farms from Encavis

E+H and Taylor Wessing Advise on Wien Energie’s Acquisition of Austrian Wind Farms from Encavis

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Eisenberger & Herzog has advised Wien Energie on the acquisition of the 51% of the shares in Austrian wind farms Pongratzer Kogel, Herrenstein, and Zagersdorf from wind and solar farm operator Encavis. Taylor Wessing advised the seller.

Wien Energie acquired a 49% stake in the project companies from Encavis in December 2020 (as reported by CEE Legal Matters on December 28, 2020).

According to E+H, "the three wind farms generate a total of 36.2 megawatts. They also reduce the CO2 emissions of the company's own energy generation by around 14,500 tons per year. The complete takeover means that Wien Energie can now increase its total portfolio by a further calculated 18 megawatts."

Wiener Stadtwerke subsidiary Wien Energie is a regional energy provider in Austria. The company supplies two million customers with electricity, heating, cooling, electromobility, and telecommunications.

Encavis is a German stock exchange-listed company, producing electricity from renewable energies. The company acquires and operates solar parks and onshore wind parks in ten European countries.

The E+H team included Partners Marco Steiner and Dieter Thalhammer, Attorney Christoph Lejsek, and Associates Daniel Metz, Fabian Larcher, and Matthias Pallisch.

The Taylor Wessing team was led by Partners Philip Hoflehner and Peter Solt.

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