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Hengeler Mueller advises Ørsted on GIP's sale of stake in offshore wind farm Gode Wind 1 to Glennmo

July 2019 - Projects, Energy & Natural Resources. Legal Developments by Hengeler Mueller .

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Global Infrastructure Partners (GIP) is divesting its 50 percent stake in the German offshore wind farm Gode Wind 1. GIP has for this purpose sold a 25 percent stake in the project to each of the investors Glennmont Partners and The Renewables Infrastructure Group Limited (TRIG). Ørsted, global leader in offshore wind and developer of the wind farm, will continue to hold a 50 percent stake in the wind farm.

Hengeler Mueller advised Ørsted on the transactions and has been advising Ørsted on the Gode Wind 1 project since the development of the wind farm. The team included partners Sebastian Schneider and Nicolas Böhm (both M&A/Energy), Jan D. Bonhage (Public Law) (all Berlin), Thorsten Mäger (Antitrust, Düsseldorf), counsel Andreas Breier (M&A/Energy, Berlin) and Jörg Meinzenbach (Antitrust, Düsseldorf) as well as associates Jonas Brost and Stephan Häfele (both M&A, Berlin).