Acquisition of Energiepark Pottendijk by Eneco

Jeroen Deddens (owner of Energiepark Pottendijk B.V.) and Eneco have reached agreement on the sale of Energiepark Pottendijk. With this agreement, Eneco will take over the further development and realisation of Energiepark Pottendijk. Pondera worked intensively with Mr. Deddens and law firm HVG Law to supervise the sale of Energiepark Pottendijk through an extensive tender. Pondera invited several potential buyers to make an offer for the purchase of the energy park. The sales support consisted of the following activities:

  • Due diligence and valuation of Energiepark Pottendijk;
  • Drafting the sales prospectus and bidding instruction;
  • Discussions and negotiations with potential buyers;
  • Reviewing the offers and term sheets issued by potential buyers;
  • Selection of the buyer;
  • Negotiation and contracting of the Share Purchase Agreement (SPA; purchase agreement).

 Eneco was selected as a buyer from this process. Subsequently, Pondera assisted Mr. Deddens during the negotiation and contracting of the SPA.

Energiepark Pottendijk consists of a wind farm of 12 to 14 wind turbines and a solar park of 35.5 hectares. In total, the energy park will generate approximately 100 MW of installed capacity. Pondera (in collaboration with BugelHajema) prepared the EIA in 2018 and applied for the environmental permit for the construction and operation of the solar park and the 14 wind turbines. On September 28, 2018, the municipality of Emmen issued the environmental permit for the construction and operation of the 12 to 14 wind turbines.

In the follow-up phase, Eneco will continue to work intensively with Mr. Deddens on the development and execution of Energiepark Pottendijk. Pondera will further support Eneco with the implementation permits and permit management for the realisation of the energy park.