Wismar — Herbert Smith Freeh­ills has advi­sed PEARL Infra­struc­ture Capi­tal as majo­rity share­hol­der on an invest­ment toge­ther with Wismar Pellets to finance the plan­ned biomass coge­nera­tion plant in Wismar. For PEARL, the tran­sac­tions mark its entry into the German biomass market. PEARL comple­ted the final closing in March 2020 with a total volume of 280 million euros (invest­ment capa­city approx. 1.2 billion euros).

The biomass coge­nera­tion plant, jointly deve­lo­ped by Green Invest­ment Group (GIG) and Wismar Pellets, will gene­rate up to 18 MWe of elec­tri­city and 27 MWth of heat, supp­ly­ing local manu­fac­tu­rer Wismar Pellets and sawmill ILIM Nordic Timber. The plant is expec­ted to be opera­tio­nal in Q4 2022.

PEARL Infra­struc­ture Capi­tal is a private equity invest­ment fund focu­sed on the energy and green tran­si­tion in Europe. PEARL comple­ted the final closing in March 2020 with a total volume of 280 million euros (invest­ment capa­city of appro­xi­m­ately 1.2 billion euros); invest­ments will be made in Euro­pean rene­wa­ble energy gene­ra­tion faci­li­ties such as biomass coge­nera­tion plants, waste recy­cling and water cycle management.

Advi­sor PEARL Infra­struc­ture Capi­tal: Herbert Smith Freehills
Silke Gold­berg (Corporate/Energy, London), Dr. Marius Boewe (Energy Law, Düssel­dorf; both Lead), Dr. Chris­toph Nawroth, Dr. Sebas­tian Schü­rer (Coun­sel; both Corporate/M&A, both Düssel­dorf), Kai Liebrich (Finance), Thomas Kess­ler (Real Estate), Dr. Stef­fen C. Hörner (Tax; all Frank­furt); Asso­cia­tes: Anne Ecken­roth (Foreign Lawyer), Kris­tin Kattwin­kel (both Energy Law, both Düssel­dorf), Dr. Julius Brandt (Consul­tant, Frank­furt), Stefa­nie Strahl (both Corpo­rate; Düssel­dorf), Dr. Hannes Jacobi, Dr. Galina Matjusch­kin (both Finance, both Frank­furt), Gelena Minkov, Yvonne Spatz, Chris­tina Friess, Ja Yeon Youm (Profes­sio­nal Support Lawyer; all Real Estate), Tatiana Guens­ter (Tax; all Frank­furt), Martin Bitt­ner, Sam Cund­all, Jannis Bille, Ania Sharp, Julia Osten­dorf (Trai­nee Soli­ci­tor), Tara Theiss (Para­le­gal; all Corporate/Energy), Elinor Richard­son (Dispu­tes; all London)