Clifford Chance has advised DNB Bank Polska S.A. and the EBRD on financing they granted to a joint-venture company controlled by Taaleri SolarWind II and Masdar, an Abu Dhabi-based Future Energy Company. White & Case advised Taaleri SolarWind II and Masdar on the deal.
According to Clifford Chance, “the proceeds of the facility will be used to finance the costs of acquisition, development, and construction of the Mlawa and Grajewo wind farms acquired from Solaque Holding Ltd. and Wind Power Systems A/S Vestas. The construction of the Mlawa and Grajewo wind farms started in June 2020. Ultimately, there will be 24 turbines with a total capacity of 51.4 MW, generating approximately 192 GWh of electricity per year.”
Clifford Chance’s team included Partners Jared Grubb and Andrzej Stosio, Counsel Pawel Puacz, Senior Associate Michal Jadwisiak, and Associates Piotr Weclawowicz, Adrian Krol, Mateusz Ciechomski, Dominika Wroblewska, and Natalia Karasiewicz.
White & Case's team included Partners Grzegorz Abram and Tomasz Ostrowski, Local Partner Nicholas Coddington, and Associates Pawel Zagorski, Sylwia Opiatowska, Anna Pawelec, and Klaudia Ochenkowska.