Aream and ERG co-develop early stage solar portfolio in Eastern Germany
Clients AREAM Advisory GmbH
Jones Day advised Aream Group, a Düsseldorf-based developer in the area of sustainable energy infrastructure, in connection with the conclusion of a co-development agreement with Italian ERG Group to implement an early stage solar portfolio of around 600 MW in Eastern Germany. The Aream Group, based in Germany, is a fully integrated investment and asset manager for institutional investors and strategic partners. Italy-based ERG Group is a European renewable power producer which is listed on the Milan Stock Exchange and among the top ten onshore wind energy operators in Europe by installed capacity. The solar portfolio at issue currently is the largest subsidy-free solar development in Germany.