Energy and Infrastructure M&A_2025

DENMARK Law and Practice Contributed by: Jakob Østervang, Peter Østergaard Nielsen, Anders Hørlyck Jensen and Tejs Degn Leth Ernst, Accura Advokatpartnerselskab

Accura Advokatpartnerselskab has a market-lead- ing renewable energy team, comprising 120 ex- perts from 16 countries, with offices in Copenhagen, Aarhus, Boston, London, Tokyo, Singapore and Mel- bourne. The team specialises in all renewable energy technologies, including on- and offshore wind, solar, biomass, Power-to-X and new technologies such as floating wind and hydrogen turbines. The team has advised on more than 40 GW of projects globally, covering a wide range of renewable energy initiatives. Accura’s clients, such as Copenhagen Infrastructure

Partners, Avangrid, RWE, Invenergy, Vattenfall, Equi- nor, OceanWinds and Marubeni, trust the firm for its expertise. One of the firm’s key strengths is its pure focus on renewable energy and its ability to leverage its global presence to work seamlessly as one group across time zones. This combined knowledge, along with a commercial and technical mindset, sets Accu- ra apart from other law firms. The firm’s deep industry knowledge enables it to provide top-tier legal advice and support the green transition.

Authors

Jakob Østervang is a partner at Accura, co-leading the renewable energy department. He is a highly specialised expert in the energy and renewable energy industries, particularly wind turbines,

Anders Hørlyck Jensen is a partner at Accura, co-leading the renewable energy department. Anders is an expert in negotiating and optimising renewable energy project contracts, with extensive experience within

photovoltaic systems and biomass. Jakob has been involved in over 100 M&A transactions in renewable energy, excelling in drafting and negotiating contracts for onshore and offshore projects. He has extensive experience in both Danish and international projects, including in China, the USA and Europe. Jakob is adept at structuring projects and transactions from both the buy-side and sell- side and has significant expertise in joint venture and consortium agreements, DSAs, offtake agreements and optimising these structures.

offshore wind, particularly regarding installation contracts, service agreements and claims handling. Anders also focuses on major onshore wind and Power-to-X projects. Anders has significant expertise within carbon capture, green ammonia, e-methanol, and e-SAF projects, including assessing project bankability and drafting and negotiating joint venture agreements. His skills in negotiating complex contracts and optimising project value drivers make him a valuable advisor in the renewable energy sector. Anders’ comprehensive understanding of both technical and commercial aspects ensures successful project outcomes.

Peter Østergaard Nielsen is a partner at Accura, co-leading the renewable energy department. He is a leading expert in renewable infrastructure, with a particular focus on offshore wind, with extensive experience in

Tejs Degn Leth Ernst is a partner at Accura and a seasoned M&A and corporate lawyer with over a decade of experience in renewable energy transactions. He has led numerous projects globally, focusing on pre-

drafting and negotiating key contracts for more than 15 offshore wind projects across the globe. Peter has developed innovative solutions for risk-sharing, optimising wind farm operations, and managing supplier interfaces. Peter’s deep understanding of both the employer’s and contractor’s perspectives, combined with his work on ground-breaking agreements with Siemens and MHI Vestas, makes him a valuable advisor.

development and early development stages, including green hydrogen and Power-to-X technologies. Tejs excels in drafting customised agreements, managing conventional M&A transactions, and handling cross-border projects. His expertise includes drafting, negotiating, and executing core transaction documents, conducting

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