Schoenherr advised Liechtenstein Group on its investment in PV-Invest, a renewable energy company active in Austria and Southern and Southeastern Europe. The equity investment is intended to enable PV-Invest to accelerate its expansion in the currently rapidly growing market for the construction and operation of photovoltaic power plants.
"Photovoltaics is the future - we are pleased to have successfully advised Liechtenstein Group on this transaction in the renewable energy sector", said partner Alexander Popp, who led the advising Schoenherr team.
The signing of the transaction took place on 10 March 2021. The closing of the transaction is expected in the third quarter of 2021.
The Liechtenstein Group is owned by the Princely House of Liechtenstein and manages a portfolio of companies operating globally in the sectors of agribusiness and food, forestry, renewable energies and real estate. For more information see www.lgroup.com
PV-Invest is active in the renewable energy sector and produces electricity from photovoltaic and small hydropower plants with its subsidiaries in Austria and Southern and Southeastern Europe. Currently, the company has existing properties with more than 54 MW in operation and under construction. Over the next few years, it is planned to multiply the installed capacity in the company’s own portfolio to around 200MWp. In addition, there is a project pipeline of more than 100MWp to be developed and built for third parties. For more information see www.pv-invest.com
The international Schoenherr team advising Liechtenstein Group on the transaction was led by Alexander Popp (partner) and further consisted of the following members: Alfred Amann (attorney at law), Constantin Benes (partner), Anna Diensthuber (associate), Irina Hanin (associate), Tobias Hayden (associate), Bernd Rajal (partner), Philipp Staudigl (associate), Franz Urlesberger (partner), Anna Visontai (associate), Teresa Waidmann (counsel), Nina Zafoschnig (associate), Lea Avsenik (associate, Slovenia), Marko Frantar (partner, Slovenia), Vid Kobe (partner, Slovenia), Milos Lakovic (partner, Serbia), Andrea Lazarevska (associate, Serbia), Silvia Ribanchova (attorney at law, Bulgaria), Stefana Tsekova (partner, Bulgaria) and Dimitar Vlaevsky (attorney at law, Bulgaria).