Stibbe successfully assisted Limburgse Reconversiemaatschappij on the development of the new greenfield “Kristal Solar Park”.
Stibbe’s multidisciplinary Projects team was a pivotal legal partner in this project.
The team advised LRM more particularly on the development, contract negotiations (EPC, O&M, PPA, Connection Agreement) and financing aspects. Kristal Solar Park will be located in the Flemish province of Limburg and will be the largest solar park of the Benelux. The energy produced by the solar park (83GWh) will initially be completely taken off by a neighbouring large industrial company, with future possibilities for offtake by third parties or injection into the public grid.
Stibbe acted as legal counsel for all aspects of the project, working under strict time pressures in order to reach agreement amongst multiple parties across various agreements.
Stibbe is proud to have assisted LRM in this important step for the Flemish Region towards reaching its renewable energy targets.
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