Cirio advised BayWa r.e. in the sale of the 94.6 MW Lyngsåsa windfarm project to sustainable infrastructure investor SUSI Partners
Cirio had advised BayWa r.e. in the sale of the 94.6 MW Lyngsåsa windfarm project to sustainable infrastructure investor SUSI Partners.
The Lyngsåsa windfarm will consist of 22 Vestas V150 turbines. The project has been developed from greenfield by BayWa r.e. who will also manage the complete engineering, procurement and construction (EPC) of the turnkey project. The investor, SUSI Partners, has secured a long-term fixed price Power Purchase Agreement (PPA) and arranged for the project debt financing with Hamburg Commercial Bank (HCOB). BayWa r.e. expects to bring the Lyngsåsa wind farm into operations in 2021. The annual production is expected to be around 315 GWh, providing electricity to the equivalent of 80,000 households, while saving approximately 93,000 tons of CO2 emissions each year.
Cirio’s team consisted of partners Jörgen Möller and Jesper Johansson together with associates Maria Hanbo, Philip Tonkin and Sofia Johansson. Cirio’s energy team is in the forefront of its sector. We believe in combining business with the personal and therefore bring in-depth expertise, strong dedication and hand-picked, engaged, deal teams to our clients. With our high quality of service and strong determination to deliver outstanding results, we build long-term relationships with our clients with the aim to be not just an exceptional legal advisor, but also their trusted business partner.
Cirio Law Firm was founded in Stockholm in 2019 and has around 130 employees. The law firm has a long heritage in Stockholm ranging back to 1918 and is one of the leading law firms within several areas of business law. Cirio offers legal advice in most areas of business law such as M&A and other transactions, operational and strategic business decisions, special situations such as dispute resolution and bankruptcies and collaborative innovation. The firm has special competence within business areas such as renewable energy, life science and digitalisation.
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