Solivan, the Polish member firm of the "Pontes the CEE lawyers" network, has advised ReneSola, a NYSE-listed solar project developer, on its sale of 55 MW Polish solar farms with an aggregate capacity of 54.6 megawatts to Aberdeen Standard Investment. Weil, Gotshal & Manges advised Aberdeen Standard Investment on the acquisition.
According to Solivan, the portfolio of ReneSola is “the first large solar farm portfolio which fully entered into the Polish contract for difference support system after 2016 and 2017 auctions.”
Founded in 2017, Aberdeen Standard Investment is an Edinburgh-based European asset management company.
The Solivan team was led by Partner Christian Schnell, assisted by Managing Associate Piotr Dziwniel and Senior Associate Olga Wasilewska.
The Weil team was led by Counsel Marek Durski and included Attorney-at-Law Adrian Augustyniak and Associates Sebastian Mikina, Aleksandra Kabac, and Jakub Krzemien.