Jakob Østervang

Photo of Jakob Østervang

Jakob Østervang is an M&A expert with particular focus on energy-related transactions

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.

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.

The Team

Energy and Supply

  • Energy and Supply
  • M&A & Corporate Matters
  • Infrastructure
  • Renewable Energy
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Partner Jakob Østervang
"My goal is to make things happen, even if it may seem impossible, by being rational and finding compromises."
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  • Chinese Wind Power – How to Enter Europe Successfully, Bech-Bruun, 2012. Book
  • Dommen i hus – Hvor er pengene?, JyllandsPosten, 2005. Article
  • Voldgift – Din egen domstol, JyllandsPosten, 2005. Article
  • Risikoafdækning og debitorsikring, Revisorposten, 2004. Article
  • Aktieaflønning – Afståelse ved ændring, Tidsskrift for Retsvæsen, 2002. Article
  • Insider Trading – Ulovlig handel med værdipapirer, Justitia, 1998. Article

Education and language

  • Graduate Diploma in Business Administration (Accounting)
  • Admission to practice law
  • Master of Laws
  • BSc (Business Administration and Commercial Law)
  • English


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With extensive experience in waste-to-energy, upstream oil and gas and natural gas work, Bech-Bruun’s energy practice incorporates a ‘dedicated’ renewable energy department, ‘which includes leading experts in both contract law and M&A’, as well as financing and project development mandates. Jointly led by (...) and Jakob Østervang, the group also regularly advises a range of energy companies, investors, project developers and municipalities on regulatory issues, energy project developments and contentious matters.

"We would like to highlight our cooperation with partner Jakob Østervang and (...). Jakob has consistently had a strong presence in the industry for years and his legal experience and qualifications within the industry are second to none."

Legal 500, Energy