Hannes Snellman to Advise Metsähallitus on Offshore Wind Energy Projects
5 July 2023
In Metsähallitus’s next two offshore wind farm projects, EY will serve as the commercial advisor, while legal advice will be provided by Hannes Snellman.
“Both companies represent top expertise in their fields. We are excited to have them to support us in the offshore wind projects we have under way. Our joint goal is a transparent and fair M&A process that will progress smoothly. It will lay a solid foundation for the next steps of the projects,” says Tuomas Hallenberg, SVP for Property Development and Renewables at Metsähallitus.
Tapio Teräkivi, Partner and Head of Hannes Snellman’s Real Assets Team, will be heading Hannes Snellman’s legal team in above-mentioned projects.
“While each assignment has its unique features, and there are often surprises, each successfully completed project follows the same operating model. The work naturally starts from clarifying the objectives, planning the process, and selecting the project team. The process must be carefully managed from the beginning”, says Tapio Teräkivi.
“Once the transaction reaches the negotiation phase, clear and consistent communication, predictability, and fostering trust between the parties, even in difficult issues, will guarantee the optimal outcome. This is particularly significant in development projects where — unlike in transactions that mostly culminate in their conclusion — the contracts are only the first step, which may be followed by years of cooperation involving multiple variables, in which the partners’ ability to work together and trust each other will be weighed again and again”, he continues.
You can read more about the cooperation on Metsähallitus’s website.