en.Wedoany.com Reported - Stadtwerke München GmbH (SWM) has acquired a 25% stake in Skyborn Renewables' Gennaker offshore wind farm, which has a planned installed capacity of up to 976.5 MW and will supply electricity to hundreds of thousands of households once operational. The transaction is expected to close in the third quarter of 2026, subject to customary regulatory approvals and committee consent, as well as the successful completion of construction financing.
Located 15 kilometers north of the Fischland-Darß-Zingst peninsula, the Gennaker wind farm has been developed by Skyborn since 2011 and is poised to become one of the largest wind farms in the German Baltic Sea. This project represents a significant investment in Germany's renewable energy infrastructure and will play a key role in strengthening energy security and decarbonization.
Headquartered in Munich, SWM is one of Germany's largest energy and infrastructure companies, operating as a municipal subsidiary of the city of Munich. Skyborn, headquartered in Hamburg, is a developer and operator covering the entire offshore wind value chain.
The German multidisciplinary team from Watson Farley & Williams (WFW) providing legal advice to SWM was led by Munich office partner Dr. Christian Bauer and Hamburg office partner Dr. Malte Jordan, with the team including managing lawyer Muteber Yalcin, senior lawyer Felix Wörner, and supporting lawyers Philipp Vogl and André Looks. Financial expertise was provided by Hamburg partners Sven Fretthold and Thomas Hollenhorst. Regulatory advice was provided by partner Dr. Christine Bader, senior lawyer Wiebke Westermann, and lawyer Leonard Wolckenhaar, while real estate expertise was provided by Hamburg legal counsel Tatjana Giutronich and lawyer Tetiana Arkhipova. Lawyer Laura Böse advised on litigation aspects of the transaction.
Dr. Christian Bauer noted that this strategic transaction makes a significant contribution to the expansion of renewable energy generation in Germany and highlights the growing role of municipal utilities in large-scale offshore wind investments. Malte Jordan stated that the transaction combines M&A expertise with energy industry knowledge, and WFW has extensive experience in structuring complex equity arrangements for large energy projects.
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