Stark Energie Sells German Solar Portfolio to Greencells
Deal News | Mar 05, 2025 | Watson Farley & Williams
Watson Farley & Williams advised Stark Energie GmbH, a subsidiary of Stark Energy Limited, on the sale of its 127 MWp solar portfolio to Greencells GER B.V. in a landmark transaction marking Stark Energie's first divestment in Germany. Additionally, the law firm facilitated a joint project development agreement between the two companies for three projects up to ready-to-build status. Stark Energie, a UK-based renewable energy developer, brings its project development prowess to the partnership, complemented by Greencells' expertise in Engineering, Procurement, and Construction (EPC), as well as Operations & Maintenance (O&M). Stark Energie has developed over 1 GWp of solar projects across the UK and Germany and is further developing 610 MWp in Germany. Greencells, based in Saarbrücken, Germany, is a prominent EPC and O&M service provider with more than 3 GWp in its solar project portfolio across Europe.
Sectors
- Renewable Energy
- Legal Advisory
- Engineering and Construction
Geography
- Germany – The transaction and the development projects are located in Germany, making it a central geography in the article.
- United Kingdom – Stark Energie's parent company, Stark Energy Limited, is based in the UK, connecting the transaction to this geography.
Industry
- Renewable Energy – The article focuses on a transaction involving companies in the solar energy sector, highlighting renewable energy developments and market activities.
- Legal Advisory – The involvement of Watson Farley & Williams in advising on the transaction classifies the article as pertaining to legal advisory services in the M&A space.
- Engineering and Construction – Greencells’ role as an EPC and O&M service provider in the transaction signifies relevance to the engineering and construction industry.
Financials
- 127 MWp – The installed capacity of the solar portfolio sold by Stark Energie to Greencells.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Stark Energie GmbH | Target | Company | A subsidiary of Stark Energy Limited, involved in renewable energy project development, specializing in solar PV projects in Germany. |
| Watson Farley & Williams | Legal Advisor | Company | A legal firm that advised Stark Energie on the sale transaction and the joint project development agreement. |
| Greencells GER B.V. | Buyer | Company | A major European EPC and O&M service provider in the solar energy sector, acquiring the solar portfolio from Stark Energie. |
| Stark Energy Limited | Vendor | Company | The parent company of Stark Energie GmbH, involved in renewable energy developments in the UK and Germany. |