Noerr advises Chinese investor on the purchase of the solar wholesaler Energiebau Solar Power

Noerr has advised Solar Power, Inc. on the purchase of the assets of the insolvent Cologne-based Energiebau Solar Power GmbH. The system provider and photovoltaic wholesaler Solar Power GmbH is thus taken over by the strategic investor Solar Power, Inc., an international project developer with sites in all relevant markets.

As preliminary insolvency administrator, Dr. Christoph Niering (Niering Stock Tömp Insolvenzverwaltungen) conducted the negotiations with the investors: in mid-April, Energiebau Power Solar GmbH had filed an application for opening of insolvency proceedings, mainly as a result of the insolvency of its Norwegian parent company, Innotech Solar AS.

In the field of restructuring and reorganisation as well as Distressed M&A Noerr is among the leading law firms and has considerable expertise in advising Chinese investors. For instance, a team led by Till Kosche advised the investor on the takeover of the Wilbert group of companies.

Advisors to Solar Power, Inc.: Noerr LLP

Dr. Till Kosche (lead), Tobias Kugler (IT Law), Janik Gossler (Commercial)

Associates: Dr. Andrea Zwarg (Corporate), Martin Gliewe (Employment and Pensions), Michael Achtert (Real Estate), Dr. Matthias Lüttges (Corporate), Eva Irene Wille (IT Law, all Frankfurt)