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Stek advises SolarWorks! and its lead investors EDP and Persistent on a successful recapitalization

SolarWorks! and its lead investors EDP and Persistent have successfully completed a recapitalization.  The leading off-grid renewable energy businesses in Southern Africa, SolarWorks! is now positioned for faster growth as a broad energy service company in Southern Africa. Stek acted for SolarWorks! Please click here for the…

Stek advises NWB Bank on the project financing provided to solar project Sunspace

Stek advised NWB Bank on the financing of solar farm Sunspace in the Dutch Noordoostpolder. The solar project is an initiative of HVC and Stichting Energieneutraal Noordelijk Flevoland (SENF). The solar farm has a capacity of approximately 46 MWp and is located on the site of the Netherlands Air and…

Stek victorious for Eneco in appeal against Advertising Code Committee decision on sustainability claim

Stek has successfully represented energy supplier Eneco in an appeal procedure before the Board of Appeal (BoA) against a decision of the Advertising Code Committee (ACC). In contrast to the ACC, the BoA ruled that Eneco is allowed to advertise the electricity it supplies generated by Dutch wind and solar…

Stek victorious for Liander in contractual dispute on transport capacity

Stek successfully represented distribution system operator Liander in preliminary relief proceedings on the interpretation of a standard provision in the connection and transport agreement. The proceedings took place against the background of increasing shortages of transport capacity on the electricity grid in The Netherlands. The central issue…

Stek victorious for USG

Stek has successfully represented Utility Support Group in the objections procedure of Sabic Petrochemicals against the decline of Sabic’s enforcement request by the Authority for Consumers and Markets, the energy regulator. Sabic argued that USG incorrectly applied the so-called volume correction in its electricity transport rates. By decision of 3…

Stek advises the lender in the financing of Solarpark Overbetuwe

A cross-practice Stek team advised the lender in the financing of Solarpark Overbetuwe, with Sunvest as sponsor. On 20 January 2023, Solarpark Overbetuwe – Sunvest’s largest solarpark to date, reached financial close. The solarpark is located in a long strip of land between the Betuwe railway and the highway A15.

Stek advises Econic on their recent capital raise

Together with Avaxa Debt Advisors, Stek advised Econic on their recent capital raise. Several (new) investors provided €40m of additional capital and Triodos, ASR, Meewind and Rabobank provided €85m divided over multiple, flexible project financings. At the start of this process, we learned that Econic aims ‘to accelerate the energy…

Stek victorious for electricity distribution companies in dispute before ACM on standard payment term

Stek has successfully represented electricity distribution companies Enexis Netbeheer, Liander and Stedin Netbeheer in a dispute resolution procedure before the Dutch energy regulator (ACM) initiated by a collective of the large Dutch real estate managers. The real estate managers had submitted a complaint arguing that the payment term of the…

Stek advises a.s.r. on the acquisition of Windpark Strekdammen

Stek advised a.s.r. on the acquisition of wind farm Strekdammen from Pondera and Rebel. The wind farm, which has been in operation since mid-2022, consists of two wind turbines at the breakwaters in Eemshaven. The two wind turbines have a total combined capacity of 11 MW. This is equivalent to…