WFW advises Elicio and BayWa r.e. on opening capital to Q Energy for stake in Pennavel offshore wind farm

Capital for the project is now equally divided between the three shareholders. This strategic partnership strengthens Pennavel’s governance and operational capabilities, with the entry of Q?Energy bringing complementary technical, human, and industrial expertise, further reinforcing the project’s strengths at a key stage in its development.

Headquartered in Belgium, Elicio develops, finances, builds, and operates renewable energy projects, and counts over 2.2?GW of offshore wind projects under development and in operation across Europe.

BayWa r.e. is an international developer of wind, solar, and battery storage projects. BayWa r.e. has commissioned 6+ GW of renewable energy projects.

Q?Energy is a subsidiary of Korean industrial group Hanwha, specialising in the development, construction, and operation of wind and photovoltaic projects. Q?Energy is among the pioneers in offshore wind and also active in the energy storage market.

The WFW Paris Energy team that advised Elicio and BayWa r.e. was led by Public Law and Regulatory Partner, Laurent Battoue, supported by Corporate/M&A Partner, Thomas Rabain, and Associate, Amandine Collard.

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Read the article online at: https://www.energyglobal.com/wind/30032026/wfw-advises-elicio-and-baywa-re-on-opening-capital-to-q-energy-for-stake-in-pennavel-offshore-wind-farm/