Taylor Wessing advises PARQ energy on a bridge loan from Kommunalkredit Austria AG

Authors:

CB(CE

Carsten Bartholl (Partner, Corporate Energy)

JS(ACE

Jasmin Schlee (Senior Associate, Corporate Energy)

MR(CE

Melissa Rinck (Associate, Corporate Energy)

JCL(PT

Julian C. Ludwig (Salary Partner, Tax)

DLL(PL/P

Dieter Lang, LL.M. (Partner, Public Law / Permitting)

DPSL(B&F

Dr. Peter Seemann, LL.M. (Partner, Banking & Finance)

KBL(APL/P

Kris Breudel, LL.M. (Senior Associate, Public Law / Permitting)

DH(B&F

Dennis Hoppermann (Associate, Banking & Finance)

HT(PRE

Hannes Tutt (Salary Partner, Real Estate)

DNLL(PE&I

Dr. Niels Lange, LL.M. (Associate, Projects, Energy & Infrastructure)

PRESS RELEASE30 May 2024

Under the lead management of Hamburg partner Carsten Bartholl, the international law firm Taylor Wessing provided comprehensive legal advice to PARQ energy, a leading developer of renewable energy projects, on a bridge loan for a photovoltaic project of PARQ energy GmbH. The bridge loan was granted by Kommunalkredit Austria AG. The project will have nominal output of approx. 38 MWp; the targeted electricity production p.a. can cover the needs of around 11,500 4-person households.

About PARQ energy:

PARQ energy stands for holistic project development: from planning to the realization of energy parks for power generation from renewable solar energy and demand-oriented storage facilities as well as electrolysers for the production of green hydrogen. As a project developer, PARQ energy supports all project phases. The planning and conceptual design of the power plant, taking into account site-specific requirements and conditions, as well as the creation of the legal requirements for realization, are all carried out by a single source. Within various project phases of solar and wind power plants, PARQ energy has the expertise of more than 5,100 megawatts of installed capacity, which corresponds to the electricity requirements of approx. 1,400,000 households in Germany.

Legal Advisors PARQ Energy: Lead Carsten Bartholl (Corporate Energy), Jasmin Schlee, Melissa Rinck, (both Corporate Energy), Julian Ludwig (Tax), Dieter Lang, Kris Breudel (Public Law and Permitting), Peter Seemann, Rebekka Sannmann, Dennis Hoppermann (Finance), Hannes Tutt, Galya Stareva (Real Estate), Dr Niels Lange (Projects).