International law firm Pinsent Masons has been appointed to the new German advisory panel of Danish offshore wind farm owner and developer Ørsted.
Pinsent Masons will support Ørsted’s ‘Customer Solutions’ activities in Germany in the areas of commodities and energy trading.
Dr Thorsten Volz , Head of German Energy at Pinsent Masons, said: “Ørsted is a long-standing client of Pinsent Masons’ UK practice. This panel appointment is a great success for the firm and underlines the success of its German energy law practice, which was established in Düsseldorf in 2016. Thanks to our excellent positioning in the field of energy law, we are able to advise on all energy, corporate, contract and regulatory issues.”
Ørsted currently operates three offshore wind farms in the German North Sea, Gode Wind 1&2 and Borkum Riffgrund 1. After the commissioning of the company’s fourth offshore wind farm in Germany, the 450MW Borkum Riffgrund 2 , in 2019, Ørsted will have over 1.3GW of operating offshore wind capacity in the German North Sea.
The company has also secured rights to develop further five projects in the German North Sea by 2024/2025 with a combined capacity of 1,141.75MW.
Focusing on offshore wind energy as well as energy trading and distribution worldwide, Ørsted is currently investing more than EUR 2 billion annually and plans to expand its capacities to 6.7GW in Northern Europe within the next few years, Pinsent Masons said.