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Deloitte Legal Helps ABO Wind with Second Hungarian Investment

Deloitte Legal Helps ABO Wind with Second Hungarian Investment

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Deloitte Legal has helped Germany's ABO Wind AG launch a 5.2 MW solar power plant to the south of Debrecen in Hungary.

On January 28, 2019, ABO Wind acquired the licensed project company, allowing the German company to build a solar power plant in the southern part of Debrecen. The plant is ABO Wind's second solar panel project in Hungary, as the company is also developing a 4.95 megawatt solar power plant to be completed in the first half of 2019.

Deloitte Legal describes ABO Wind, which was founded in 1996 and which employs more than 500 people, as "an experienced project developer in Germany and in the region, with significant investments as owner, builder and operator." According to Deloitte Legal, "ABO Wind undertakes all steps of project development, from the purchase of the site to construction. The company buys and successfully completes projects at any stage of the development. So far, the company has connected some 670 wind, solar, and biogas power plants to the electricity network in all parts of the world with a total capacity of 1500 MW. The company is currently working in 16 countries with 4,000 megawatts of wind power and 600 megawatts of solar power."

Hungary Knowledge Partner

Established in 1957, Wolf Theiss is one of the leading European law firms in Central, Eastern and South-Eastern Europe with a focus on international business law. With 300 lawyers in 13 offices located in Albania, Austria, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Poland, Romania, Serbia, Slovakia, Slovenia and Ukraine, Wolf Theiss represents local and international industrial, trade and service companies, as well as banks and insurance companies. Combining law and business, Wolf Theiss develops comprehensive and constructive solutions on the basis of legal, fiscal and business know-how.

All News about, and Legal Analysis by, Wolf Theiss can be found here.

Firm's website: http://www.wolftheiss.com/

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