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Stek successful for Liander in appeal before the CBb

Stek has successfully represented Liander in appeal before the Adminitrative High Court for Trade and Industry (CBb). A wind park operator appealed the decision of energy regulator ACM, in which the ACM ruled that Liander was allowed to charge the costs of a cable route study pursuant to sector-specific…

Stek advises a.s.r. on the acquisition and financing of part of the Princess Ariane wind farm

A cross-practice Stek team advised a.s.r. on the acquisition and financing of part of the Princess Ariane wind farm in the Wieringermeer. As a result, a.s.r. became the owner of 32 of the 82 turbines on the largest Dutch onshore wind farm. The 32 turbines have a combined capacity of…

Stek advises shareholders Alliander N.V. on €600m hybrid convertible loan provided to Alliander N.V.

Stek has advised the shareholders of grid operator Alliander on granting a hybrid convertible loan to Alliander. Alliander managed to strengthen its financial position by EUR 600 million contributing to the investment challenges in its energy grid in view of the energy transition. The reverse convertible hybrid bond qualifies for…

Stek advises GroenLeven on the sale of the 61.7 MWp Exloo Solar Plant to FP Lux Investments

Stek has advised GroenLeven on the sale of the Exloo Solar Plant to FP Lux Investments. The Exloo solar park has a capacity of 61.7 MWp and can supply 19,700 households with renewable energy and thus save around 34,100 tonnes of CO2 per year. GroenLeven B.V. is a wholly owned…

Stek advises Cargill on the conclusion of a Corporate Power Purchase Agreement with Vattenfall

Stek has advised Cargill on the conclusion of a Corporate Power Purchase Agreement with Vattenfall. For more information please refer to the press release.

Stek victorious for Liander in transport capacity dispute

Stek has successfully represented energy distribution company Liander in a preliminary ruling procedure against one of its customers. The customer, connected to Liander’s electricity network in Noord-Holland, ignored a transport capacity cap imposed on him by Liander because of congestion in the electricity network. The customer did not comply…

Stek advises the lender in the financing of Solarpark Cothen

Stek (Herman Wamelink and Kersten Wierda (finance team) and Claudia Beele (due diligence)) advised the lender in the financing of Solarpark Cothen, with Sunvest as sponsor, in Cothen (Wijk bij Duurstede), the Netherlands. On 27 May 2021 Solarpark Cothen, Sunvest’s sixth solarpark, reached financial close.

Stek advises Stedin on €200 million issue of cumulative preference shares

Stek has advised Stedin on the €200 million cumulative preference shares issuance to its municipal shareholders. This capital contribution strengthens the grid operator’s equity and is required for further investment in the energy transition. Stedin Group will require capital of €1 billion up to 2030 to properly streamline the energy…

Stek successful for Axpo in public procurement procedure

Stek has successfully represented Axpo Solutions AG in a preliminary ruling procedure regarding a public procurement. The contracting authority, a consortium of ten organisations including several hospitals, had awarded Axpo a contract for the supply of natural gas. One of the losing candidates in the procurement appealed the decision of…