E.ON acquires Airtricity wind operations for $1.9 billion
Client(s) E.ON AG
Jones Day advised E.ON AG in its $1.9 billion acquisition of the North American operations of Irish wind farm operator Airtricity.
E.ON is continuing to expand its global renewables business, and this acquisition marked the first time the company has secured a renewables market position with considerable growth potential outside of Europe.
By acquiring Airtricity North America, E.ON increased its worldwide installed wind power capacity from approximately 640 MW to 900 MW, making it one of the largest wind farm operators worldwide. Jones Day provided antitrust, environmental, project finance, and regulatory advice regarding this transaction, and continues to advise E.ON on the development of its North American wind energy portfolio.