Ellex Raidla and Clifford Chance have advised Enefit Green, a fully owned subsidiary of Eesti Energia, on its acquisition of 20 solar park projects in Poland from GEO Group’s subsidiaries. Dentons' Warsaw Office advised GEO Group on the deal.
The total capacity of the acquired solar power plants is 19.15 megawatts. Enefit Green's investment amounts to EUR 17.3 million.
Enefit Green is a renewable energy company owned by Eesti Energia which produces electricity and heat from wind, water, sun, biomass, biogas, and mixed municipal waste in Estonia, Latvia, Lithuania, and now also in Poland.
The Ellex Raidla team was led by Partner Martin Kaerdi.
Clifford Chance's Warsaw-based team was led by Counsel Pawel Puacz, supported by Senior Associate Jaroslaw Gajda, Associates Weronika Miszewska, Zuzanna Potoczna, Adrian Krol, Katarzyna Kuchta, and Arkadiusz Walkowicz, and Legal Intern Dominika Pietkun.
Dentons's Warsaw-based team consisted of Partner Arkadiusz Krasnodebski, Managing Counsel Agnieszka Kulinska, and Associate Filip Rucinski.