White & Case represented Masdar in €1.6 Billion Joint Venture with Iberdrola Group

White & Case represented Masdar in €1.6 Billion Joint Venture with Iberdrola Group

White & Case LLP, a renowned global law firm, provided legal counsel to Abu Dhabi Future Energy Company (Masdar), a leading renewable energy firm in the UAE, regarding its joint venture with Iberdrola Group. Iberdrola Group, an international energy company based in Spain, is actively involved in electric power generation, transmission, and distribution.

The two firms have joined forces to establish a joint venture aimed at developing and operating project 'Baltic Eagle,' a substantial 476 MW offshore wind farm situated in the German Baltic Sea. The project holds an estimated value of around €1.6 billion. As part of this arrangement, Iberdrola has divested a 49 per cent stake in the existing project company to Abu Dhabi Future Energy Company (Masdar).

The White & Case team involved in advising on the transaction was led by partners Murad Daghles (Düsseldorf), Florian Degenhardt (Hamburg), and Juan Manuel de Remedios (Madrid). Additionally, the team included partners Thomas Burmeister (Düsseldorf), Abdulwahid Alulama (Abu Dhabi & Dubai), Sebastian Stütze, Bodo Bender, Markus Burianski (all Frankfurt), Axel Schulz (Brussels & Düsseldorf), and Tilman Kuhn (Düsseldorf & Brussels).

Furthermore, the team comprised local partners Vasi Papadopoulos (Dubai), Mathis Rust, Thilo Wienke (both Düsseldorf), Matthias Grigoleit (Hamburg), and Federico Parise Kuhnle (Frankfurt), counsel Beate Treibmann (Hamburg), Andreas van den Eikel, Kathrin Athing (both Berlin), and Julio Peralta (Madrid), along with associates Philipp Kynast, Timo Heppner, Luisa Kanders, Petra Kistner, Lisa Bär (all Düsseldorf), Daniel Hannuna (Dubai), Diego Hernandez-Sampelayo Lara (Madrid), Sonja Sehr (Frankfurt), Victor Thonke, Robert Bente (both Hamburg), and Nicole Krellmann (Berlin).