Houthoff

Houthoff acted as legal adviser to a consortium of sellers, including Van Oord, on the divestment of their interests in the Borssele V offshore wind farm in the Netherlands. The transaction related to the transfer of shareholdings in the 19 MW Borssele V project (two large wind turbines located in the Borssele wind farm cluster in the North Sea) to Octopus Energy Generation, described as a major European renewables investor. The sale was positioned as reflecting the successful implementation of innovations at Borssele V, including an underwater Slip Joint foundation connection concept and measures intended to protect marine biodiversity around the turbines. At the time of the transaction announcement, the project was described as operational in 2021, with Eneco referenced as the operator and Vandebron referenced as the customer supplying the project’s electricity to end users in the Netherlands. Houthoff’s work scope, as stated, was transaction-focused legal support for the sellers in connection with the sale process. The adviser’s deal team named in the announcement comprised Bas van der Mei, Tessa Ebbing, Paul de Vries, Anouk Voeten and Marijn van Horen, led by Maurits de Haan, with Paul de Vries identified as a key contact.