After completing his law studies at Aarhus University, Jakob Østervang joined Kromann Reumert where he received extensive training in corporate law and M&A and participated in a number of transactions, including wind projects. After five years with Kromann Reumert, Jakob joined Abel & Skovgaard Larsen's partner group, playing an active role in establishing a fast-growing M&A department. Since 2009, Jakob has been a partner of Bech-Bruun.
Jakob is highly specialised in the energy and renewable energy sector, in particular, matters involving wind turbines, photovoltaic systems and biomass.
Jakob has been involved in more than 100 M&A transactions related to wind energy, including the drafting and negotiation of contracts for several projects – both onshore and offshore. In addition to Danish projects and transactions, Jakob has been involved in projects in China, USA, Norway, Sweden, Germany, Estonia, Poland, the Netherlands, France and Italy, comprising more than 1,500 MW.
Jakob's knowledge of structuring projects from both the buyer and the seller side is impeccable.
Furthermore, Jakob has participated in drafting and negotiating turbine service agreements and balance of plant agreements including tender submissions. Jakob, therefore, has a substantial understanding of the commercial drivers and possible ways of optimising the value drivers of an offshore wind project.
Jakob also has a vast experience in relation to drafting and negotiating EPC contracts.
Full project service
Jakob has been responsible for a team of lawyers providing legal service in all aspects of offshore development projects, including regulatory advice, drafting and negotiation of WTG, cable, foundation agreements, financing, etc.
He has been responsible for a team of lawyers providing commercial and legal review of both offshore and onshore wind projects as well as photovoltaic projects with regard to financing and confirmatory due diligence.
Jakob has been in charge of reports and management presentations produced to several of the largest institutional and financial investors in connection with investments in wind and solar projects.
He has headed a team of lawyers conducting full-scope legal due diligence in connection with the largest onshore wind power transaction in Denmark, namely SE Blue Renewables K/S’s acquisition of Dong Energy’s Danish onshore wind power business, comprising 196 MW distributed on 272 wind turbine generators allocated on 80 different sites, and being in operation for an average time of 16 years. The due diligence was conducted on the entire fleet of wind turbine generators, including subjects such as regulatory issues, environmental issues, contractual issues and real estate issues as well as employment law related to the management and service business.
Jacob is highly experienced in the drafting and negotiation of supply contracts, EPC contracts, operation and maintenance agreements, framework agreements and service contracts in relation to onshore and offshore projects.
Jakob headed the team of lawyers advising the sellers in respect of a highly complex transaction that involved the sale of share capital in a Danish company owning and operating 11 wind farms in Germany and one in Sweden at a total operational capacity of 145.7 MW.