Mandate

Vinge acts for SUSI Partners on its acquisition of the Lyngsåsa wind park

September 09, 2019

Vinge has acted for SUSI Partners, manager of the SUSI Renewable Energy Fund II, in connection with its acquisition of the Lyngsåsa wind park in Alvesta municipality.

As part of the transaction, SUSI Partners has secured a long-term fixed price Power Purchase Agreement (PPA) and arranged for debt financing with Hamburg Commercial Bank for the project.

The Lyngsåsa wind park will consist of 22 Vestas V150 turbines with a total capacity of 94.6 MW. The project has been developed from greenfield by BayWa r.e., with operations scheduled to begin in 2021. BayWa will also manage the complete engineering, procurement and construction (EPC) of the turnkey project. Annual production will be around 315GWh, providing electricity to the equivalent of 80,000 households, while saving approximately 93,000 tons of CO2 emissions each year.

Vinge’s team was headed by M&A partner Peter Sundgren and included e.g. partners Christoffer Thalin (M&A), Johan Cederblad (permits), Thomas Sjöberg (permits), Assur Badur (real estate), Matthias Pannier (M&A), Robert Deli (real estate); counsel Sofia Törnroth Nyberg (project financing), Maria Schultzberg (tax), Fredrik Christiansson (project financing); and associates Jack Bengtsson (project financing), Axel Jansson (project financing), Hampus Olsson (real estate), Karolina Cohrs (real estate), Vilhelm Rondahl (M&A) and Rasmus Perdahl (M&A).

New statute prohibits unfair terms and conditions and practices in conjunction with the purchase of agricultural and food products

The so-called UTP Act prohibits buyers from using certain terms and conditions and practices against suppliers of agricultural and food products. The Swedish Competition Authority exercises supervision and can, among other things, carry out unannounced inspections and order individual to attend formal interviews. In conjunction with violations, sanctions such as injunctions subject to a default fine or a sanction fee of up to one per cent of the buyer’s annual turnover can be imposed. The UTP Act will enter into force on 1 November 2021 and will also be applicable to contracts which are entered into prior to this date.
October 05, 2021

Vinge employs additional antitrust economists to further strengthen its practice

We welcome Adam Löfquist and Carl Widstrand to our EU, Competition & Regulatory practice group.
September 30, 2021

European Commission provides sanctions compliance guidance

The European Commission has recently issued three opinions regarding the interpretation of asset freeze provisions in certain sanctions legislation pertaining to Central African Republic, Ukraine, Libya and Syria. The opinions are also of relevance for other sanctions regimes which provide for the same or similar restrictions. Therefore, their practical relevance goes far beyond the sanctions regimes in the context of which they were issued and they therefore provide for helpful guidance regarding the required thresholds for sanctions compliance generally.
September 20, 2021