The parties did not disclose the value of the transaction.
With this acquisition, Statkraft adds 39 wind farms to its holdings in Germany and four wind farms in France, marking its entry to these markets. The acquisition forms part of Statkraft’s plan to build on its capabilities as a wind and solar producer and become one of the world’s leading renewable energy companies, building on its European solar base after acquiring Solarcentury in 2020.
KPMG Düsseldorf advised Statkraft on the essential tax work involved in the transactions. The KPMG team was led by Partner Ingo Rieke (International Transaction Tax) and included Senior Manager Hannes Haefele (Tax Due Diligence), Manager Mark Mischke (Tax Structuring, SPA) and Senior Associate Jens Panek. Ingo Rieke has advised Statkraft on transactions and international taxes for many years. Ingo Rieke said in a statement: “We are very proud to close this transaction after almost 18 months with a very challenging tax structuring.”
Statkraft was also advised by White & Case and Hogan Lovells. Baker Tilly, Oratio Avocats and DS Avocats advised Breeze Three Energy.
