DLA Piper advises Prime Capital on the acquisition of the 135 MW BESS project Monet

DLA Piper has advised its long standing client, Prime Capital AG (‘Prime Capital’), a leading asset manager focusing on alternative investments, on behalf of Prime Green Energy Infrastructure Fund II S.A., SICAV RAIF, on the acquisition of the 135 MW / 4-hour battery energy storage system (BESS) ‘Project Monet’ from Zelos Energy Developments.

With the acquisition of a fully approved and construction-ready project, Prime Capital is continuing its strategy of further expanding its own energy storage portfolio in Germany, thereby supporting the integration of renewable energies and grid stability. The project is located in Saxony-Anhalt within the 50Hertz TSO region and construction is scheduled to start early 2026.

Prime Capital currently manages assets under management of around EUR3.9 billion and assets under administration of around EUR8.9 billion (status: 30 September 2025). DLA Piper, under the lead of Sebastian Decker, repeatedly advises Prime Capital and Prime Green Energy Infrastructure Fund II on its investments in solar, wind and BESS projects.

“Sebastian’s and the team’s deep sector expertise continues to impress. The hands-on approach, negotiation skills and ability to find solutions are an asset in any transaction and have certainly facilitated a smooth and successful execution of the acquisition at hand" says Jens Walzner, Managing Director at Prime Capital.

The cross-border and multidisciplinary DLA Piper team from the Hamburg, Munich, Cologne, Frankfurt and Luxembourg offices was led by partner Sebastian Decker and senior associate Robert Fischer Sonnberg (both Corporate), with the core team consisting of partner Dr Manuel Indlekofer (Real Estate), Michael Cieslarczyk (Energy), senior associate Dr Lilian Gutkin (Real Estate) and counsels Christopher Ollech (Energy).

The wider team comprised partners Dr Konrad Rohde (Tax), Florian Bruder (Restructuring), counsel Thomas Herbst (Real Estate), Sven Bischoff (Tax), senior associates Clément Bourdon (Corporate), Pascal Hornstein (Tax), Vanessa Brückner (Real Estate), associates Niklas Cöln (Finance), Julia Ambs (Real Estate), Katharina Verdan-Chabray and Jannik Becker (both Tax).