Shearman & Sterling has advised the Swiss public utility company Raetia Energie (RE) on its participation in a power plant project with SüdWestStrom (SWS) in Brunsbüttel, Germany. To this end, RE and SWS have signed respective contracts on the development and operation of a coal-fired power plant. The project involves the installation of two generating units with a gross output of 910 MW each. The expected yearly energy production of the facility amounts to approximately 11,500 GWh at a total investment volume of approximately €3 billion.

Initially and temporarily, RE has acquired a majority interest in the project guaranteeing the realization of the first generating unit. Additional partners will now be invited to join the project. As envisioned from the beginning, RE will eventually hold a minority stake in the power plant equivalent to 200 to 400 MW.

The Shearman & Sterling team was led by M&A Partner Harald Selzner in Düsseldorf. Other attorneys involved were partners Johannes Frey (Munich-Tax), Hans-Jürgen Meyer-Lindemann (Düsseldorf-Antitrust), counsel Mathias Stöcker (Düsseldorf-Antitrust) and associates Martin Neuhaus, Thankmar Wagner, Natalie Jamal and Christoph Neven (all Düsseldorf-M&A).

Shearman & Sterling has been a regular advisor to RE on M&A, corporate, antitrust and tax matters for several years.

For additional information contact:
Hans Jürgen Meyer-Lindemann | Düsseldorf | T +49.211.17888.719 |