Alternative energy asset purchases
Our attorneys represented wind power developer WKN USA, LLC, a subsidiary of Munich-based BayWa Group Company, in its purchase of 12 Nordex N100/2500 wind turbines from Nordex USA for the Mozart Wind Farm to be located approximately 60 miles northwest of Abilene, Texas, the nation’s leading region for wind energy installations over the last decade.
This purchase represents BayWa’s first investment in developing and constructing a commercial size wind project in the United States. When fully operational, the turbines will generate enough energy to power about 9,000 homes.
"We have always valued Nordex’s quality, expertise and creative solutions in the turbine field," commented Florian Zerhusen, Founder & CEO of WKN USA. "Outside counsel’s attorneys share these same qualities when it comes to legal counsel, so the firm was the natural choice to help us formalize the start of our working relationship with Nordex in the US."
Our attorneys also represented WKN AG in its sale of 70 percent of WKN USA, LLC to BayWa r.e USA LLC, a wholly-owned US subsidiary of BayWa AG. An international trading and services group headquartered in Munich with locations in 16 countries throughout Europe and the US, the BayWa Group employs more than 16,000 individuals in its three core segments: Agriculture, Building Materials and Energy. Founded in 1923, the Group has concentrated all of its renewable activities under BayWa r.e. and is active in the field of wind, solar and biogas. Through its recent acquisition of WKN USA, LLC, BayWa continues to expand into the North American market.