European Energy Sells Wind Farm Portfolio to Enea Nowa Energia for PLN 914.8 Million
Deal News | Apr 11, 2025 | CEE Legal Matters
European Energy has divested its wind farm portfolio to Enea Nowa Energia, with the transaction valued at approximately PLN 914.8 million. This development was facilitated by WKB Wiercinski Kwiecinski Baehr, who advised European Energy. On the buyer's side, NGL Legal provided counsel to Enea Nowa Energia. The deal encompasses the transfer of companies owning six active wind farms with a total installed capacity of 83.5 megawatts. Additionally, it includes an option for purchasing a photovoltaic farm project capable of generating 25 megawatts. Enea Nowa Energia is a subsidiary of Enea, a significant player in Poland's renewable energy market. This acquisition aligns with Enea's strategic objectives to bolster its investments in renewable energy sources.
Sectors
- Renewable Energy
- Legal Services
Geography
- Poland – The transaction involves Polish energy sector participants and a significant investment into renewable energy within the country.
- Denmark – European Energy, based in Denmark, is the company selling the wind farm portfolio.
Industry
- Renewable Energy – The transaction involves the sale of a wind farm portfolio, which is a critical component of the renewable energy sector.
- Legal Services – The involvement of law firms WKB Wiercinski Kwiecinski Baehr and NGL Legal highlights the significance of legal advisory in M&A transactions.
Financials
- PLN 914.8 million – The total transaction value for the sale of the wind farm portfolio.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| European Energy | Target Company | Company | A Danish company that develops, finances, builds, and operates wind and solar farms. |
| Enea Nowa Energia | Bidding Company | Company | A subsidiary of the Polish energy group Enea that focuses on investments in renewable energy sources. |
| WKB Wiercinski Kwiecinski Baehr | Legal Advisor for Seller | Company | A law firm that provided legal advice to European Energy on the sale transaction. |
| NGL Legal | Legal Advisor for Buyer | Company | A law firm that advised Enea Nowa Energia in the acquisition process. |