MEAG Munich Ergo Asset Management GmbH has agreed with SMA Altenso GmbH to acquire all shares in the 92.5 MW/231 MWh Metelen Battery Park in the state of North Rhine-Westphalia, Germany.
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. SMA Altenso is to provide the full EPC and O&M services for the battery park, which is scheduled to go online in the second half of 2025.
MEAG, the asset manager of Munich Re, currently manages around EUR 347 billion (US$ 373 billion), of which EUR 61 billion (US$ 65.5 billion) are for private and institutional investors.
