Locations
MEAG has reached an agreement to acquire 100 percent of the shares in the Metelen battery park in North Rhine-Westphalia from SMA Altenso GmbH. The battery storage project has a capacity of 92.5 MW and 231 MWh and is scheduled to go online in the second half of 2025. MEAG was legally advised by the Fieldfisher Energy Team led by Daniel Marhewka.
MEAG, the asset manager of Munich Re, currently manages around 347 billion euros, of which 61 billion euros are for private and institutional investors. MEAG is now acquiring 100% of the shares in the Metelen battery park in North Rhine-Westphalia from SMA Altenso GmbH on behalf of its customers. The Metelen battery park is a 92.5 MW/231 MWh large-scale battery energy storage system (BESS) project in North Rhine-Westphalia that is ready for construction.
SMA Altenso GmbH, a wholly-owned subsidiary of SMA Solar Technology AG, specialises in large-scale battery storage systems, hydrogen applications and hybrid energy solutions. As a leading global specialist in photovoltaic and storage system technology, it is actively contributing to the energy transition. SMA Altenso will remain associated with the project as a general contractor and operational service provider.
The Metelen battery park is MEAG's first investment in the German BESS market. BESS are crucial for stabilising the power grid, especially due to the increasing use of renewable energies such as wind and solar energy, whose production is dependent on the weather.
Fieldfisher provided comprehensive legal advice to MEAG on this transaction. The advice included, in particular, the design and negotiation of the acquisition, construction and operational management documentation, as well as the performance of a due diligence review of the battery park.
The seller was advised by a GÖRG team led by Jan Schellenberger, Michael Winkelhog and Ruth Büchl-Winter.
Fieldfisher: Daniel Marhewka (Partner, Co-Head of the Energy, Natural Resources & Sustainability Group, lead), Tanja Rüth (Counsel, Corporate / Energy / Real Estate), Anna Neumann (Associate, Corporate / Energy / Regulatory).
GÖRG: Jan Schellenberger (Partner), Michael Winkelhog (Counsel), Dr. Ruth Büchl-Winter (Counsel).