Eisenberger & Herzog has advised Wien Energie GmbH on the acquisition of a 49% stake in Austria's Pongratzer Kogel, Herrenstein, and Zagersdorf wind farms from wind and solar farm operator Encavis AG. Taylor Wessing advised Encavis on the deal.
Financial details of the transaction, which closed on December 18, 2020, were not disclosed.
The three wind farms generate a total of 36.2 megawatts, and, according to Eisenberger & Herzog, reduce the CO2 emissions that would be required to produce this amount of energy by traditional means by around 14,500 tons per year.
Eisenberger & Herzog’s team included Partners Marco Steiner, Dieter Thalhammer, and Tatjana Katalan, Attorneys Christoph Lejsek and Marie Sophie Reitinger, and Associates Niklas Kerschbaumer-Gugu, Fabian Larcher, and Daniel Metz.
Taylor Wessing’s team included Partners Philip Hoflehner and Peter Solt.