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Stek successfully represented Budget Energie in dispute regarding the reduction of feed-in compensation

Stek successfully represented Budget Energie, part of Budget Thuis, in a key case against a consumer concerning the reduction of the feed-in compensation for electricity from 100% to 50% of the base supply rate per kWh. The case was brought by a consumer who argued that the reduction was in…

Stek advises ASN on the project financing for a 31.6 MW battery for FlevoBESS

Stek advised ASN on the project financing for a 31.6 MW battery with a 4 hour storage capacity (126 MWh) for FlevoBESS. The battery is part of a larger energy storage project realised in cooperation with GreenPowerBank Dronten B.V. and Pure Energie Groen B.V. The battery to be built with…

Stek successful for Dutch heat supply sector in litigation on admissibility

Stek has successfully represented the industry association of heat companies in the Netherlands, Vereniging Energie-Nederland (“VEN”), in a case on the admissibility of individuals in administrative proceedings against the maximum heat supply tariffs set by the Dutch energy regulator, the Authority for Consumers and Markets (“ACM”).The case revolved around an…

Stek advises Polestar Capital Circular Debt Fund on the project financing to be used by Uppact for the 'UnWastor'

Stek advised Polestar Capital Circular Debt Fund on the project financing to be used by Uppact for the installation of the ‘UnWastor’ in Delfzijl. The UnWastor an innovative technology that melts down unsorted waste and converts it into high-quality, 100% circular building and construction materials. For every kilogram of waste…

Stek advises SaloMonte Partners on milestone search fund acquisition of Hotek Hospitality Group

Stek advised SaloMonte Partners, a search fund led by Duco Salomons, in the successful acquisition of Hotek Hospitality Group (“Hotek”). This transaction marks a significant milestone as it represents the first acquisition in the Netherlands executed through a search fund. Entrepreneurship through acquisition The acquisition was achieved using the “Entrepreneurship…

Stek advises Stichting GITP on the sale of GITP Holding

Stek advised Stichting GITP on the sale of GITP Holding and its subsidiaries (GITP) to Knop Investments. GITP is market leader in the Netherlands, specializing in online and on-site HR assessments, career coaching, and training services. The acquisition by Knop Investments and the related participation by GITP’s management supports GITP’s…

Stek victorious for distribution system operator Liander in appeal regarding grid congestion

Stek successfully represented grid operator Liander in the appeal filed by Jumbo Supermarkets (“Jumbo”) with the Arnhem-Leeuwarden Court of Appeal (the “Court of Appeal”) against two preliminary injunction rulings issued by the court in summary proceedings of the Gelderland District Court on 20 September 2023 and…

Stek advises energy trading platform ETPA on their new funding round

Stek advised ETPA on their €5.5 million funding round. ETPA enables an energy trading platform which is designated for short-term electricity trading which is a key enabler for the transition to renewable energy. Through the new investment round, in which 4impact, SET Ventures, and ABN AMRO SIF participated, ETPA will…

Stek successful for electricity distribution system operators in appeal on connection periods

Stek successfully represented all Dutch electricity distribution system operators through their representative organization Netbeheer Nederland in an appeal before the Administrative High Court for Trade and Industry (CBb). The appeal had been lodged against a decision of the energy regulator, the Authority for Consumers and Markets (ACM), that set maximum…

Stek advises Oddlygood on the acquisition of Rude Health

Stek advised Oddlygood on the acquisition of Rude Health. Rude Health has become part of the Oddlygood Group as of 29 October 2024. Rude Health Foods Ltd. together with its subsidiary Rude Health Foods B.V. produce and develop plant-based drinks, breakfast cereals and snacks. The acquisition of Rude Health, an…