CEZ, a. s. (SEP:CEZ) acquired a portfolio of French wind farms from ABO Wind AG (HMSE:AB9) on January 16, 2019. In addition to the sales price of the project rights, ABO Wind will receive milestone payments that depend on the progress of the projects. The new portfolio consists of eight wind farms with a total capacity of 116.5 megawatts in different planning stages. ABO Wind will connect the projects, which are in various stages of development, to the grid over the next few years and will also take on the operational management. Arthur de Baudry d'Asson of Weil Gotshal & Manges LLP acted as legal advisor to CEZ, a. s.

CEZ, a. s. (SEP:CEZ) completed the acquisition of a portfolio of French wind farms from ABO Wind AG (HMSE:AB9) on January 16, 2019.