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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…

Stek advises the North Holland drinking water company PWN on the sale of PWNT to Nijhuis Saur Industries

Stek has advised the North Holland drinking water company PWN on the sale of its commercial subsidiary PWNT Holding B.V. to Nijhuis Saur Industries. PWNT develops technologies for drinking water purification and offers these worldwide. Nijhuis Saur Industries provides solutions for sustainable water use and energy. The acquisition of PWNT…

Stek advises DIF Capital Partners on investment in Greener

Stek has advised DIF Capital Partners (DIF) in the investment in Greener Power Solutions (Greener), a leading Dutch mobile battery solution provider. DIF, through its fund DIF CIF III, acquired a majority stake and provided capital that will enable Greener to rapidly grow its battery fleet in order to expand…

Stek advises DIF Capital Partners and Virya Energy on the investment in green hydrogen developer

Stek advised DIF Capital Partners and Virya Energy on the acquisition of a majority stake in the VoltH2 group. VoltH2 focuses on the design, development, construction and operation of green hydrogen plants in Europe. The first two production facilities are currently being developed in Vlissingen and Terneuzen. DIF Capital Partners…

Stek represents PZEM in REMIT-procedure

  Stek has assisted electricity producer PZEM in a sanction procedure of the Authority for Consumers and Markets (ACM) pertaining to the compliance with the REMIT-regulation (Regulation (EU) 1227/2011, REMIT). REMIT introduces a sector-specific legal framework to support open and fair competition on the European wholesale energy markets. The investigation…