London-based law firm Watson Farley & Williams (WFW) has advised Bayerische Landesbank on a €61 million financing deal to support the construction of a 114-MWp solar park for Encavis AG in Mecklenburg-Vorpommern. Once operational, the solar facility will become Encavis's largest PV project in Germany.
The plant, expected to be completed by the end of November 2024, is set to deliver an estimated 121 GWh of electricity annually, contributing substantially to Germany's energy transition efforts. Encavis has already secured a 10-year power purchase agreement covering three-quarters of the generated electricity, reinforcing its role as a major renewable energy supplier.
Hamburg partner Sven Fretthold led WFW's Project & Structured Finance team on this transaction, supported by associate Finja Schmale, transaction lawyer Annika Schulz, and Frankfurt senior associate Alejandra Hagedorn. Fretthold commented, “We are delighted to have once again advised our long-standing client Bayerische Landesbank on an important transaction that will make a significant contribution to Germany's sustainable energy supply. This transaction underlines once more WFW's outstanding expertise in the field of renewable energy.”
Encavis AG, based in Hamburg and listed on the SDAX of Deutsche Börse, manages renewable energy projects across 12 European countries, specializing in onshore wind and solar power.
