On 3 March 2016, the Regional Court of Bayreuth rejected the damages claim of approximately €144m brought by der Trianel Windkraftwerk Borkum GmbH & Co. KG against TenneT TSO GmbH following a lawsuit lasting around three and a half years. Trianel had claimed compensation of extra costs and lost feed-in remuneration from TenneT being the transmission system operator responsible for the grid connection of the offshore wind farm because the commissioning of the offshore wind farm “Borkum” originally planned for February 2013 had been delayed.

Norton Rose Fulbright has advised Fortum Holding BV on the acquisition of more than 90 per cent of Grupa Duon SA. Grupa Duon SA is a leading independent Polish supplier of electricity and natural gas, listed on the Warsaw Stock Exchange (WSE). The deal is worth approximately EUR 100 million.

Shearman & Sterling is advising General Electric Corporation (GE) on the sale of its commercial lending and leasing businesses in India, GE Capital Services India (GE Capital) and GE Money Financial Services Private Limited (GE Money), to a consortium of former GE Capital management backed by AION Capital Partners. The deal is subject to customary regulatory approvals.

Vinge advises Air Liquide Advanced Business S.A. and its wholly owned subsidiary FordonsGas Sverige AB in connection with the acquistion of Lidköping Biogas AB. Lidköping Biogas produces liquid biogas for inter alia trucks and has an annual capacity of 60 GWh.

Clifford Chance has advised SDIC Power Holdings Limited, which is listed on Shanghai Stock Exchange and is a subsidiary of State Development and Investment Corporation, on its acquisition of 40% of the equity interest from Genting Power in the Banten Project, a 660MW coal fired steam power station located in Indonesia. This is SDIC Power's first outbound investment.

Shearman & Sterling advised Engie Global Developments B.V (Engie) and International Power (Impala) on the sale of their stake in the Paiton power plant in Indonesia to Qatari infrastructure investment firm Nebras Power Q.S.C (Nebras). The deal is expected to close in the second half of 2016, subject to customary approvals and regulatory consents.

Paiton is Indonesia’s largest independent power producer with over 2,000 megawatts (MW) of operating base. It represents four per cent of Indonesia’s total installed capacity.

Watson Farley & Williams (“WFW”) advised DONG Energy (“DONG Energy”) on its sale of a 50% stake in the 258 MW Burbo Bank Extension UK offshore wind farm project to Danish pension provider PKA and KIRKBI A/S, parent company of the LEGO Group. This is PKA’s fifth investment in an offshore wind farm, three of which are with DONG Energy.

Each investor will obtain a 25% ownership interest in the project. The total purchase price amounts to approximately £660m (DKK 6.6bn) to be paid in the period 2016-2017.

Frankfurt, March 1st, 2016 - Baker & McKenzie is advising Shanghai Electric Group Co. Ltd., Shanghai (China), on its intended strategic cooperation with Manz AG. The cooperation is intended to cover energy storage, automation technology, solar technology and other areas of the Manz Group. In this context, Shanghai Electric intends to acquire a participation stake in Manz AG.

PLMJ assisted the Axpo in the initial acquisition by Axpo Iberia of 25% of the company Gold Energy – Empresa Comercializadora de Energia, S.A. from the Dourogas group. The acquisition was concluded at the end of 2015 / beginning of 2016 and it is already seen as the largest end of your transaction in Portugal, in the Portuguese energy sector.

On February 26, 2016, General Electric Company (GE) closed its transaction to divest select power generation assets to Ansaldo Energia. GE first announced the transaction in September 2015 when the European Commission and the U.S. Department of Justice approved GE's acquisition of Alstom's Power and Grid business on the condition that GE would commit to divest segments of Alstom's heavy-duty gas turbine business.