Linklaters has advised the EBRD and BNP Paribas Bank Polska on financing provided to five Polish special purpose vehicles owned by the French renewable energy developer and operator Qair and the French infrastructure fund RGreen Invest and advised BNP Paribas Bank Polska on financing provided to three Polish special purpose vehicles of the same portfolio, with the total financing to the portfolio amounting to approximately PLN 700 million. Dentons advised Qair on the deal.
Linklaters reports that “the funds will support Qair’s planned portfolio of circa 200 MW of renewable energy, including the construction of three new wind farms with a total capacity of 68 MW and 25 MW of new solar photovoltaic projects, which are all to benefit from the Polish CfD incentive scheme, as well as the operation of two merchant wind farms with a total capacity of 106 MW.”
Linklaters’ team in Warsaw included Counsel Patryk Figiel, Managing Associates Jakub Dabrowski, Marta Domino, and Szymon Renkiewicz, Associates Tomasz Pleskot, Michal Maruszak, and Maciej Checinski, and Junior Associates Ada Zahorodna and Michal de Bialynia Woycikiewicz. The firm’s team in Milan included Counsel Tessa Lee, Managing Associate Benedetta Marino, and Associate Pierfrancesco Benedetti.
Dentons' team in Warsaw included Partner Mateusz Toczyski, Counsel Tomasz Zwolinski, and Lawyers Klaudia Szymanska-Rutkowska, Katarzyna Mazur, Katarzyna Kaptur, and Jakub Walawski. The team was supported by Munich-based Counsel Surbhi Malhotra-Trenkel, Paris-based Partners Jean-Marc Allix and Olivier Genevois and Associates Djesia Meziani, Philippine de Fouchier, and Hugo Casasnovas, and London-based Partner Matthew Sapte and Associate Annreika Ray.