DLA Piper has advised the Italian energy company ERG SpA on its acquisition, from Vortex Energy Group, of Windpark Linda GmbH & Co KG, holder of project rights for a 21.6-MW wind project in the district of Wittenberg, Germany, as well as in connection with the associated project development documentation and the construction contract.

The acquisition was made by ERG’s subsidiary in Germany, ERG Windpark Beteiligungs GmbH. The involved parties have agreed to treat the purchase price confidential.

The estimated investment to build the wind farm – including the purchase price – is approximately €30 million. The wind farm is expected to produce around 50 GWh annually, corresponding to approximately 39 kt of avoided CO2 emissions. The wind farm will take part in the auction process in 2018 as part of the EEG tender procedure for onshore wind turbines. The acquisition enables ERG to continue its growth strategy in Germany.

ERG is one of the leading wind power operators in Italy and Europe, with an installed capacity of 1,768 MW. Founded in Genoa in 1938, the company also operates in the fields of water and solar energy and natural gas in addition to wind energy .

The DLA Piper team was led by Cologne-based partners Michael Cieslarczyk, EMEA Head of the Energy Sector, and Dr Markus Beaumart, Real Estate, as well as by Corporate counsel Timo Betjemann supported by a Frankfurt-based Tax team of counsel Dr Raimund Behnes, and senior associate Gitta Gehring. They were assorted by Frankfurt-based Finance & Projects/ Energy senior associate Christopher Ollech, alongside Cologne-based associates Dr Riccarda Marcelli, Corporate, and Dr Heiner Feldhaus, Real Estate.