Norton Rose Fulbright has advised Bank Polska Kasa Opieki on the refinancing of the financial indebtedness of two Windflower wind farms and the increase of financing of three other farms. Clifford Chance advised the borrower.
The refinanced farms include the 10-megawatt Miksztal onshore wind farm and the 24-megawatt Suchan onshore wind farm. The farms with the increased financing were the 4-megawatt Dzialdowo wind farm, 6.4-megawatt Grabik wind farm, and 6-megawatt Brodnica wind farm.
According to Norton Rose, "the wind farms are sponsored by Windflower, a subsidiary of Sunflower Sustainable Investments, a public company listed in Tel Aviv Stock Exchange. Sunflower Sustainable specializes in leading, initiating, developing, financing, constructing, operating, and managing renewable energy sources and energy storage systems."
Earlier this year, Norton Rose advised Bank Polska Kasa Opieki on the financing for the Vaskol PV portfolio (as reported by CEE Legal Matters on January 17, 2024).
The Norton Rose Fulbright team included Partner Tomasz Rogalski, Senior Associate Igor Kondratowicz, and Associates Karolina Lepakiewicz and Daniel Ksiazek.
The Clifford Chance team included Partner Andrzej Stosio, Counsel Aleksandra Rudzinska, and Associates Krzysztof Burda, Oskar Ratajczyk, and Weronika Patzer.
