Lawyer Dr Andreas Eustacchio has provided legal advice to ARGE Energy Königskreuz on their first cooperation in the context of a tender by the motorway concessionaire ASFINAG in Austria. The consortium consists of Energy S.p.A., a company listed on the Milan stock exchange that specializes in the production of storage systems for renewable energies in Italy, and the Upper Austrian company Königskreuz GmbH, which specializes in solar technologies for photo-voltaic applications.
‘With our advice, we have made a significant contribution to putting the Austrian-Italian cooperation between Energy and Königskreuz on a solid legal footing,’ says Andreas Eustacchio. He was able to draw on his in-depth knowledge of the Italian and Austrian markets as well as his industrial expertise. On the Italian side, he worked together with the law firm Macchion & Resoli.
Successful legal advice between Italy and Austria
A central component of the legal advice was the timely drafting and negotiation of the syndicate agreement, which clearly defined the tasks and responsibilities of Energy S.p.A. and Königskreuz GmbH within the framework of the joint venture. This agreement had to ensure that all legal and technical provisions of the Austrian energy sector were complied with. To this end, it was first necessary to clarify which adaptations Italian Energy had to make for the Austrian market.
Future of the grid infrastructure
The successful collaboration will now enable the production and delivery of the battery storage systems and associated services worth 25.7 million euros for ASFINAG over the next 18 months. It is particularly noteworthy that the energy storage systems are produced by Energy S.p.A. in Italy and therefore come from European production.
About ARGE Energy Königskreuz
The tender was issued as part of a temporary joint venture (ARGE consortium) with the Upper Austrian company Königskreuz GmbH. Energy is the lead partner in the consortium and will supply all storage systems and associated services worth 27.7 million euros for around 18 months from the summer. Königskreuz GmbH, based in Upper Austria, imports and markets high-quality solar technology for photovoltaic applications.
