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Eversheds Sutherland Advises Sequoia on EUR 38.5 Million Financing for Green Genius Polish PV Plants

Eversheds Sutherland Advises Sequoia on EUR 38.5 Million Financing for Green Genius Polish PV Plants

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Eversheds Sutherland has advised investment advisor Sequoia Investment Management on a EUR 38.5 million agreement between the Sequoia Economic Infrastructure Income Fund and Green Genius aimed at financing the construction of a 66-megawatt portfolio of photovoltaic plants in Poland.

According to Eversheds Sutherland, “Green Genius plans to complete the construction of plants in Poland in early 2023. It is the first debt funding between the Sequoia Economic Infrastructure Income Fund ... and Green Genius. Since 2019, Green Genius has already developed three solar PV portfolio projects in Poland, with a total accumulated capacity of 128.1 megawatts.”

The Sequoia Economic Infrastructure Income Fund, a constituent of the FTSE 250 Index of the London Stock Exchange, invests in a portfolio of economic infrastructure debt investments in mature jurisdictions. Sequoia Investment Management, the investment adviser to the fund, is an infrastructure debt investment management company based in London.

Green Genius is a renewable energy developer operating in eight European countries. It is part of the international Modus group that operates in Lithuania, Latvia, Estonia, Spain, and Poland, among others.

The Eversheds Sutherland teams included Partners Michal Markowski and Michal Drozdowicz, Senior Associates Karolina Turko and Katarzyna Wusaty, Lawyers Aleksandra Radzikowska, Rafal Piasecki, Sylwia Nigot, and Aneta Ziemak-Majchrowska, and Associate Ernest Luczak.

Eversheds Sutherland at a Glance

Eversheds Sutherland with offices in Bratislava and Prague and as part of an international network, provides comprehensive legal advice also in foreign jurisdictions.

Our team consists of a total of more than 40 lawyers in the Czech Republic and Slovakia, most of whom have previously worked at major international and local law firms and have extensive experience in particular in the areas of corporate law, including mergers and acquisitions, capital markets, real estate, employment law, competition law, litigation and arbitration, energy, infrastructure, as well as environmental and ESG law.

Our advisory services are offered in Slovak, German, Czech and English language. Members of our team include attorneys registered with the Austrian Bar Association. On this basis, and because we are part of Eversheds Sutherland, we are also able to offer extensive legal support on various foreign legal issues.

We listen to our clients, we understand their business and we also understand what they need. So we can always find the best solution for the particular situation. We work quickly, efficiently and take responsibility for our work.

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