Baker Tilly advises EnBW on sale of 16 PV parks to ALH Group
Baker Tilly has advised EnBW AG on the sale of selected photovoltaic parks to ALH Group from both a tax and a business management perspective.
As a result, the Baden-Württemberg-based energy group is indirectly divesting 49.9% of its portfolio of a total of 16 PV parks with a total capacity of around 600 MW. The parties have agreed not to disclose the purchase price.
A five-member Baker Tilly team assisted EnBW with the tax structuring and the financial model of the deal, a vendor due diligence as well as tax and business advice regarding the main purchase agreements. In addition to Lead Partner Alexandra Sausmekat, Attorney-at-Law/Tax Advisor, (Tax), the following were also involved: Director Jan Diehm, Attorney-at-Law, Manager Lucia Balazova, Tax Advisor, (both Tax) as well as Partners Frank Leiber, German CPA/Tax Advisor, and Senior Manager Christopher Harzheim (both Finance).
“We are pleased to be able to demonstrate Baker Tilly’s expertise in these red-hot topics. The increasing importance of renewable energies during the course of the project due to the Ukraine war was additional motivation for us and at the same time qualified us for future projects," says Sausmekat about the work in the project.
Last year, Sausmekat already accompanied EnBW together with an interdisciplinary Baker Tilly team on its entry into the Austrian e-mob service and IT provider SMATRICS.
About EnBW AG
EnBW Energie Baden-Württemberg AG supplies around 5.5 million customers with electricity, gas and water as well as energy-related services and products. One of EnBW’s important goals is to make the possibilities of the sustainable new energy world available to people – intelligently, safely and simply. To this end, they are working to further expand renewable energies. Around 4.9 GW, and thus around 39% of installed capacity, is to become even more. As part of the EnBW 2025 strategy, EnBW is focusing on offshore and onshore wind power and photovoltaics (PV).
For more information on EnBW, please click here.
Press contact
Norbert Wulf
Manager Marketing & Communications
Tel: +49 211 6901-4738
norbert.wulf@bakertilly.de
