Herbert Smith Freehills acted for Dal Deutsche Anlagen Leasing on Leasing Transaction For Hydrogen Trains

Herbert Smith Freehills acted for Dal Deutsche Anlagen Leasing on Leasing Transaction For Hydrogen Trains

Dal Deutsche Anlagen-Leasing Seek Counsel from Herbert Smith Freehills Regarding Financing from Kfw Ipex-Bank and Leasing of Hydrogen Trains from Neb

A special purpose vehicle firm of DAL Deutsche Anlagen-Leasing (DAL) has sought legal counsel from Herbert Smith Freehills in connection with a NEB Niederbarnimer Eisenbahn (NEB) lease of hydrogen trains for use in Heidekrautbahn local public rail service. The guidance addressed the associated funding through KfW IPEX-Bank GmbH as well.

Siemens Mobility GmbH which will manufacture seven Mireo Plus H trains include a fuel-cell engine and lithium-ion batteries. In this way, they will contribute to the emission-free operation of the Heidekrautbahn rail system by running on regional green energy.

The non-electrified rail network in the Berlin-Brandenburg region will transition to hydrogen trains starting in 2024 from the current diesel railcars. The ancient Heidekrautbahn main line, which was halted by the erection of the Berlin Wall, will be restarted in conjunction with the hydrogen project.

A pilot project supported by the federal government and the governments of Berlin and Brandenburg is using hydrogen multiple units on the Heidekrautbahn to establish a regional, sustainable hydrogen infrastructure. With the use of indigenous renewable energy sources, the initiative aims to enable local transportation without emissions.

DAL is a division of Deutsche Leasing AG, the biggest manufacturer-independent leasing company in Germany. The company is one of Germany's foremost experts in the field of private-sector investment and infrastructure project realization, with an annual transaction volume of over €2.4 billion.

Counsel Hannes Jacobi and partner Kai Liebrich made up DAL Deutsche Anlagen-Leasing's advisory team.