Watson, Farley & Williams (“WFW”) has advised the DIF Renewable Energy Fund in relation to the sale of nine German onshore wind farms to Allianz Renewable Energy Fund. WFW provided comprehensive advice to DIF on all relevant legal aspects of the transaction.

The operational wind farms are located in the federal states of Saxony-Anhalt, Saxony, Hesse, Brandenburg and Mecklenburg-West Pomerania and have a total installed capacity of 57 MW.

The transaction is subject to anti-trust clearance, which is expected to be received before the end of November 2014.

This transaction is DIF Renewable Energy Fund’s second sale from its wind energy portfolio. In March 2011 the fund sold a number of German onshore wind farms with a combined capacity of 32 MW, also relying on WFW as its legal advisor.

DIF, an independent fund management company established in 2005, manages approximately €2bn of funds, which it invests in infrastructure assets in Europe and North America including renewable energy and PPP/PFI assets.

WFW’s Hamburg team was led by partner Dr. Malte Jordan (Corporate / Energy). He was supported by partners Dr. Stefan Kilgus (Banking & Finance) and Gerrit Bartsch (Tax) as well as by associates Dr. Malte Koch (Corporate / Energy) and Dr. Daniel Valdini (Banking & Finance).

DIF was advised by Loyens & Loeff in regards to Luxembourg law related matters.

The lead partner Dr. Malte Jordan commented: “We are delighted to have successfully advised DIF anew on the sale of a wind farm portfolio. With our longstanding experience advising on cross-border transactions within the energy sector, we have been able to seamlessly support DIF on all legal matters with the involved international parties.”