Norton Rose Fulbright advises MEAG on sale of wind farms in Germany to Q-Energy

Global law firm Norton Rose Fulbright has advised Munich Re and ERGO Asset Management (MEAG), Munich Re's global asset manager, on the sale of 16 wind farms in Germany to Q-Energy, a renewable energy investor, project developer and asset manager. The entire portfolio comprises 56 wind turbines in northern Germany with an installed capacity of 109 MW, with turbines that have been in operation for more than 10 years. As investor, Q-Energy will repower and continue to operate the wind farms.

MEAG is present in Europe, Asia and North America and offers its comprehensive know-how to institutional investors and private clients. In total, MEAG manages investments currently worth €330bn. In its business with institutional investors and private clients, MEAG manages €65bn.

Norton Rose Fulbright’s Munich-based team was led by partners Dr. Klaus Bader (Corporate) and Sebastian Frech (Corporate). They were supported by counsel Bernd Dreier (Corporate/M&A), Felix Dinger (Regulatory) and Oliver Paasch (Banking) and associates Rima Dressler, Sebastian Eisenhut and Maximilian Zeisler (all Corporate) as well as transaction specialist Tobias Grans.

KPMG acted as M&A and tax advisor to MEAG (Munich Re's global asset manager) for the structural preparation and sale process. For KPMG’s M&A team, led by Annette Schmitt and the tax team around structuring expert Ayk Tobias Meretzki, this was the first transaction in which KPMG advised Munich Re Group. 

Norton Rose Fulbright's energy team is one of the largest in the world and one of the market leaders in energy law. The German team, based in Frankfurt, Hamburg and Munich, is fully integrated into the global firm and comprises more than 20 lawyers, in particular from the regulatory, M&A, projects and project finance practice groups.