ECOwind Completes Sale of Baerofen Wind Park to Puespoek

Deal News | Jan 29, 2025 | CEE Legal Matters

ECOwind Completes Sale of Baerofen Wind Park to Puespoek

ECOwind, an Austrian general contractor for renewable energy projects and a subsidiary of German company BayWa, has sold the Baerofen wind park following an auction process. The transaction sees the wind park transfer to Puespoek Erneuerbare Energie, an Austrian company specializing in renewable energy. Legal advisement for ECOwind was provided by E+H, which involved partners and associates like Clemens Lanschuetzer, Judith Feldner, Georg Knafl, and Alexander Moser. Puespoek was advised by CMS, with a team comprising Managing Partner Guenther Hanslik, Attorney at Law Christoph Birner, and Associate Anna Hiegelsperger. The move is part of the broader trends in renewable energy consolidation in Europe, as companies re-align their assets to optimize project investments.

Sectors

  • Renewable Energy
  • Legal Advisory

Geography

  • Austria – Both the seller, ECOwind, and the buyer, Puespoek Erneuerbare Energie, are based in Austria, making it the central geographical focus of the transaction.

Industry

  • Renewable Energy – The transaction involves companies specialized in wind energy, which is a key segment of the renewable energy industry, focusing on sustainable power solutions.
  • Legal Advisory – The article discusses the involvement of law firms E+H and CMS in the transaction, highlighting the significance of legal services in M&A activities within the renewable energy sector.

Financials

    Participants

    NameRoleTypeDescription
    ECOwindTargetCompanyAn Austrian general contractor for wind and solar projects, subsidiary of BayWa.
    BayWaParent Company of ECOwindCompanyA German company involved in agriculture and renewable energy.
    Puespoek Erneuerbare EnergieBuyerCompanyAn Austrian renewable energy company.
    E+HLegal Advisor to SellerCompanyA law firm advising ECOwind on the sale.
    CMSLegal Advisor to BuyerCompanyA law firm advising Puespoek on the acquisition.