Weil advises MW Storage Fund on joint venture for battery storage power plant

Photo: Andreas Fogel, Coun­sel at WEIL in Munich (Photo © Weil)
8. Decem­ber 2023

Munich/ Arzberg — The Munich office of the inter­na­tio­nal law firm Weil, Gotshal & Manges LLP, toge­ther with the Swiss law firm MLL Meyer­lus­ten­ber­ger Lache­nal Froriep Ltd., has advi­sed MW Storage Fund as anchor inves­tor in a joint venture for the deve­lo­p­ment, cons­truc­tion and opera­tion of Germany’s largest battery storage power plant in Arzberg.

Cons­truc­tion of the battery storage power plant is about to begin and commis­sio­ning is plan­ned for early 2025. With a connec­tion capa­city of 100 MW and a storage capa­city of 200 MWh, the plant will be one of the largest in Europe.

Other joint venture part­ners are Reich­muth Infra­struc­ture, a leading Swiss asset manage­ment company for infra­struc­ture invest­ments in the mid-cap segment, ZENOB, a regio­nal consor­tium for the cons­truc­tion of wind farms and photo­vol­taic systems, and the energy company Bayern­werk AG, a subsi­diary of E.ON.

The MW Storage Fund is an invest­ment vehicle set up speci­fi­cally for the battery storage power plant project by the Swiss multi-family office Swiss KMU Part­ners AG.

The Weil tran­sac­tion team was led by Munich corpo­rate part­ner Prof. Dr. Gerhard Schmidt and included coun­sel Andreas Fogel (photo © Weil) as well as asso­cia­tes Amelie Zabel, Seve­rin Scholz, Laurin Schmidt and Chris­to­pher Schlet­ter (all corpo­rate, Munich).

The MLL Legal team was led by M&A Part­ner Andrea Sieber and supported by Senior Asso­ciate Phil­ipp Falk (M&A), Asso­ciate Michèle Sidler (M&A) and Part­ner Daniel Schoch (Banking & Finance).

About Weil

Weil, Gotshal & Manges is an inter­na­tio­nal law firm with more than 1,100 lawy­ers. Weil has offices in New York, Boston, Brussels, Dallas, Frank­furt, Hong Kong, Hous­ton, London, Miami, Munich, Paris, Beijing, Prince­ton, Shang­hai, Washing­ton, D.C. and Sili­con Valley. In Germany, the firm has two offices and around 60 lawyers/tax advi­sors in Frank­furt and Munich. The focus here is on provi­ding specia­li­zed advice to natio­nal and inter­na­tio­nal clients on cross-border private equity and M&A tran­sac­tions, high-profile liti­ga­tion manda­tes, complex restruc­tu­rings and finan­cings as well as tax structuring.

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