Blue Elephant Energy Acquires Majority Stake in Solar215
Deal News | Apr 16, 2025 | Taylor Wessing
Blue Elephant Energy GmbH (BEE), an independent power producer, has acquired a majority stake in Solar215 GmbH, a Hamburg-based project developer specializing in battery energy storage systems. This transaction was advised by Taylor Wessing's Hamburg-based team, led by partners Jasmin Schlee and Carsten Bartholl. Through this acquisition, BEE aims to enhance its portfolio in Central Europe, emphasizing the importance of battery storage systems for grid flexibility and renewable energy integration. Solar215, founded in 2023, has built a 4.5 GW project pipeline in the battery storage segment.
Sectors
- Renewable Energy
- Legal Advisory
Geography
- Germany – Both Blue Elephant Energy GmbH and Solar215 GmbH are based in Hamburg, Germany, and the acquisition will enhance BEE's Central European portfolio.
Industry
- Renewable Energy – The acquisition involves companies operating within the renewable energy sector, including solar, wind, and battery storage systems.
- Legal Advisory – Taylor Wessing provided legal guidance to BEE on this transaction, signifying the role of legal advisory in M&A activities.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Blue Elephant Energy GmbH | Bidding Company | Company | An independent power producer focused on renewable energy projects. |
| Solar215 GmbH | Target Company | Company | A project developer specializing in battery energy storage systems. |
| Taylor Wessing | Legal Advisor | Company | Provided legal advisory services for the acquisition. |