Obton Buys a 65 Megawatt Photovoltaic Tender System From Clenergy Together with BUSE

A company of the Danish Obton Group from Aarhus purchased a 65 megawatt photovoltaic tender system from the Chinese-Australian joint venture Clenergy.

For many years, Obton has been one of BUSE’s major clients and has relied on their energy team’s expertise. Zielke and Monticelli have assisted the Obton Group in numerous large and medium-sized purchase transactions in the photovoltaic and wind energy sectors.

Here, a particular challenge was the individual adaptation of the deal structure, which is what made success possible in the first place.

Head of the practice group Astrid Zielke from Hamburg took the lead, and she is especially responsible for the individual elaboration of the deal structure, which was a particular challenge considering the many project participants on the side of Clenergy and the long planning phase. Furthermore, she was responsible for the drafting of the construction contracts and the comprehensive project management contract. Part of the team is the construction and energy lawyer Christina Monticelli (due diligence and turn-key contract) and corporate lawyer Dr. Florian Brem accompanying the share purchase agreement.

The solar park is one of the largest open space plants in Germany. It was agreed to maintain silence about the transaction volume.

  • Astrid Zielke, lawyer, partner, M&A/corporate law & renewables, Hamburg
  • Christina Monticelli, lawyer, partner, M&A/corporate law & renewables, Hamburg
  • Dr. Florian Brem, lawyer, partner, M&A/corporate law & finance, Hamburg
About BUSE

BUSE is one of the large, independent law firms in Germany. More than 100 professionals advise national and international clients in all areas of commercial and tax law at the seven German offices in Berlin, Düsseldorf, Essen, Frankfurt am Main, Stuttgart, Hamburg and Munich as well as in representative offices in Brussels, London, Milan, New York, Palma de Mallorca, Paris, Sydney and Zurich. By bundling its core competencies in integrated practice groups throughout the firm, BUSE guarantees the best possible, individually tailored solutions for projects and transactions of all sizes.

Press Contact

Michael Krämer
Managing Director

Phone +49 89 288030-185
Email m.kraemer@buse.de