Baker McKenzie advised Vestas Group ("Vestas"), the world's largest manufacturer of wind turbines, on the acquisition of a 25.1% minority stake in SOWITEC group GmbH. The agreement provides for an option to acquire the remaining shares within the next three years. The transaction is subject to the approval of the antitrust authorities.

Baker McKenzie advised Vestas on all legal aspects of the transaction. "With the successful completion of the transaction, we were able to support our client to effectively use potential for synergies with SOWITEC in order to develop sustainable energy solutions that meet current and future customers' needs," comments Baker McKenzie partner Dr. Tim Heitling, who led the transaction together with Dr. Thomas Dörmer.

As one of the leading global project developers for renewable energies, SOWITEC is active in 14 countries on five continents with a focus on rapidly growing emerging and developing countries. With almost 200 employees, SOWITEC covers all areas of solar and wind power project development: from planning and conception, energy and profitability calculations, through construction management, sales and financing to the technical and commercial management and operation of wind and solar parks. Almost 60 wind and solar projects with over 2,600 MW developed by SOWITEC are currently in operation or under construction in eight countries. In addition to wind power and solar energy, SOWITEC currently develops innovative solutions for renewable energies such as floating solar systems, energy storage systems and green hydrogen production in cooperation with leading global technology companies.

Vestas is the energy industry’s global partner on sustainable energy solutions. Vestas designs, manufactures, installs, and services wind turbines across the globe, and with 101 GW of wind turbines in 80 countries, Vestas has installed more wind power than anyone else. Vestas’ more than 24,600 employees are bringing the world sustainable energy solutions to power a bright future.

The Energy & Infrastructure team of Baker McKenzie regularly advises on national and international transactions, projects, financing and joint ventures. Recently, it advised Shell on the acquisition of sonnen Group, one of the leading manufacturers of smart storage systems and energy efficiency solutions, Commerz Real on the acquisition of two wind farms from BayWa r.e., Commerz Real Kapitalverwaltungsgesellschaft (KVG) on the acquisition of the wind farm Fläming, a consortium of banks on the financing of the acquisition of ista group, Creos Deutschland Holding on the acquisition of STEAG Netz GmbH, Chubu Electric Power Co., Inc. on the acquisition of participations in German offshore network operators, the Bavarian State Bank and the Arab African International Bank as the lender of the USD 126 million project financing for Infinity 50 Renewable Energy SAE, ALBA Group in relation to the investment by a Chinese investor into two segments of the ALBA Group, and RWE and E.ON on the disposal of their participations in the Luxembourg energy supplier Enovos.

Legal advisor to Vestas: Baker McKenzie


Dr. Tim Heitling (M&A/Energy, partner, Berlin)
Dr. Thomas Dörmer (M&A/Energy, partner, Berlin)


M&A/Energy: Dr. Daniel Neudecker (senior associate, Berlin), Dr. Claire Dietz-Polte (senior associate, Berlin), Vivien Vacha (associate, Berlin)

Corporate/M&A: Dr. Holger Ellers (partner, Berlin)

Banking/Finance: Kathrin Marchant (partner, Frankfurt)

Antitrust: Dr. Christian Burholt (partner, Berlin), Alexander Iken (associate, Berlin)

Employment: Dr. Matthias Köhler (associate, Berlin)

Further lawyers in the Baker McKenzie offices in Argentina (Buenos Aires), Brazil (São Paulo), Colombia (Bogota), Mexico (Mexico City), Russia (Moscow, St. Petersburg) and Thailand (Bangkok).

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