Gleiss Lutz advises Meyer Werft on €2.5bn deal with 50Hertz
Gleiss Lutz advised the Meyer Werft Group on its contractual arrangements with transmission system operator 50Hertz in connection with a contract worth approximately EUR 2.5 billion for the construction of a 2 GW offshore converter platform.
Following a tender process, 50Hertz commissioned a consortium comprising Siemens Energy and Neptun Smulders Offshore Renewables (NSORe), with the participation of Neptun Werft in Rostock — a subsidiary of Meyer Werft — to construct a converter system for the North Sea Connector 2 offshore grid connection project. The converter platform collects the alternating current generated by offshore wind farms, converts it into direct current and transmits it onshore.
Legal team
The Gleiss Lutz team advising Meyer Werft was led by partner Tim Weber (M&A, Frankfurt), partner Alexander Schwarz (M&A, Düsseldorf) and partner Martin Hitzer (corporate law, Düsseldorf).
Further team members included Joscha Meyer (Düsseldorf), counsel Johannes Hieronymi (Frankfurt) and Laura Moench (corporate law, Stuttgart), alongside partner Helge Kortz and counsel Thomas Kulzer (both banking & finance, Frankfurt), partner Marco König (public procurement law, Stuttgart) and counsel Konrad Discher (real estate/projects, Frankfurt).
