Osborne Clarke has advised the British Foresight Group LLP and the Korean KIS KIAMCO German Wind Fund on the acquisition of the wind parks Krackow-Glasow and Seubersdorf 2 from the German wpd group. The wind parks have a total installed capacity of more than 50 MW and consist of 17 wind turbines. The transaction allows KIS KIAMCO to enter the German renewable energy market for the first time. The Korean fund plans to further invest in Germany and Europe.
Established in 1984, Foresight Group is a leading independent infrastructure and SME investment manager with approximately £2.8 billion of assets under management. Foresight has offices in the UK, Italy, Spain, Australia and South Korea.
An Osborne Clarke team led by Partner Dr Christoph Torwegge advised Foresight Group and KIS KIAMCO on the acquisitions. The team included Dr Thies Goldner, Alexandra Nautsch (both corporate), Dr Daniel Breuer (regulatory), Romeo Szejnmann (real estate law), Antje Günther and Dr Daniel Walter (both project finance) and Miriam Peer (project management).
