The advisors of ICG Infra on partnership with W Power Storage
Led by partners Dr. Tim Heitling and Dr. Thomas Dörmer (PICTURED LEFT AND RIGHT), Hogan Lovells advised the European infrastructure team of global alternative asset manager ICG on its partnership with W Power Storage, a German platform for grid-scale Battery Energy Storage Systems (BESS).
Heidelberg-based W Power Storage has extensive expertise in land acquisition, permitting processes, engineering, construction, and the operation of large-scale battery storage systems. With the support of ICG Infra, the platform plans to invest up to €500 million in the execution of its multi-gigawatt BESS project pipeline, including projects that are already operational as well as those currently under construction. In addition, the platform contributes to the objectives of the EU Green Deal and Germany’s climate neutrality targets. The newly established partnership further complements ICG Infra’s existing energy transition portfolio.
Hogan Lovells advised ICG on all legal aspects of the transaction with a team composed of:
- Dr. Tim Heitling (Partner), Dr. Thomas Dörmer (Partner), Giannina Kreutz, Dr. Daniel Neudecker (Counsel), Annekathrin Baron Boonstra, Nurelia Kather (Senior Associates), Anya Zou (Associate), Lina Sophie Makrutzki (Associate, Düsseldorf), Marlene Wagner, Dogukan Yavuz (Energy & Infra M&A, Berlin);
- Dr. Florian-Alexander Wesche (Senior Counsel), Katharina Rath (Counsel) (Energy Law, Düsseldorf);
- Dr. Carla Luh (Partner), Julian Schulz, Tobias Ulbrich (Associates, Hamburg), Dr. Marzieh Rad, Edris Zewari (Associates, Frankfurt) (Infrastructure Finance);
- Damian Sternberg (Senior Associate), Dr. Noel Schröder (Associates) (Public Law, Düsseldorf);
- Dr. Kerstin Neighbour (Partner), Sophia Gottschlich (Senior Associate) (Employment Law, Frankfurt);
- Mark Devlin (Counsel, Capital Markets, Frankfurt);
- Markus Franken (Partner, Real Estate Law, Frankfurt);
- Dr. Mathias Schönhaus (Partner), Jan Meinecke (Associate) (Tax Law, Berlin);
- Prof. Dr. Fabian Pfuhl (Counsel), Felix Ackermann (Senior Associate) (Intellectual Property, Frankfurt);
- Dr. Marc Schweda (Partner, Antitrust, Hamburg).
