Clifford Chance advises Diamond Generating Europe in relation to the sale and transfer of its 15% stake in offshore wind farm Borssele 3/4

9 March 2022

Hein Tonnaer, Liesbeth Buiter, Tim Heerschop, , , Sabine van den Heuvel , , Tjerk de Jonge, Michiel Sunderman, Stern Flik, Alex Nourry, Deepaloke Chatterjee, , Yong Bai, Dayu Man,
Amsterdam, London, Beijing

Clifford Chance advises Diamond Generating Europe in relation to the sale and transfer of its 15% stake in offshore wind farm Borssele 3/4

Clifford Chance has advised Diamond Generating Europe Ltd (DGE) on the sale and transfer of its 15 percent interest in the offshore wind farm Borssele 3/4 to INPEX Renewable Energy Europe Limited (INPEX). The Clifford Chance team advised on the full suite of the sell side auction process.

The Borssele 3/4 offshore wind farm is located 22 kilometres off the coast of South Holland and consists of 77 WTGs with a total installed capacity of 731.5 MW. The wind farm supports the Netherlands in reaching its target share of renewable power generation and greenhouse gas reduction targets, making it an important project from an energy transition- and ESG point of view. Now that the transaction has been closed, the wind farm is owned by INPEX and multiple other shareholders.

This transaction builds on Clifford Chance's market-leading Projects and M&A practice and sector expertise in renewable energy. The Clifford Chance team was led out of Amsterdam by Hein Tonnaer, Liesbeth Buiter and Tim Heerschop, and furthermore consisted of Luc van Oosterhout, Joris Dortmans, Sabine van den Heuvel, Sarah van Eijk (Corporate/M&A), Jasper Dijkshoorn (Finance), Tjerk de Jonge (Notary), Michiel Sunderman, Stern Flik and Alec Sanderson (Tax) from the Amsterdam office, Alex Nourry, Deepaloke Chatterjee and Edita Katuscakova (Competition) from the London office and Yong Bai, Dayu Man, Xiang Li and Michael Yan (Competition) from the Beijing office.