Dentons has advised Statoil Group on the acquisition of 50% of shares in two offshore projects from Polenergia. Polenergia was advised by Clifford Chance.
The two offshore wind farm projects – Baltyk Srodkowy II and Baltyk Srodkowy III – have total planned capacity of 1200 MW. According to Dentons, the two projects, which are located in the Baltic Sea, at distances of 27 kilometers and 40 kilometers respectively from the port of Leba, "constitute the largest and most advanced offshore wind energy projects in Poland."
Following the expected clearance by the Office for Competition and Consumer Protection, Statoil and Polenergia will set up a joint venture to expand the projects. Statoil will be the manager for the development and potential construction and operational phases. Statoil will also enjoy a call option for 50 percent of shares in Polenergia Baltyk I.
The Dentons team consisted of Partners Pawel Grabowski, Arkadiusz Krasnodebski, Agnieszka Stefanowicz-Baranska, Counsels Arkadiusz Wierzbicki, Ryszard Manteuffel, Michal Motylewski, Zbigniew Stasiak, Wojciech Boguslawski, Senior Associates Jan Dubinski, Patrycja Talarek, and Maciej Marek, and Associates Agata Sokolowska, Robert Semczuk, Kamil Bulakowski, and Dawid Krakowiak.
Clifford Chance did not reply to an inquiry about the deal.