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Clifford Chance and A&O Advise on Financing of Construction of Wind Plant in Poland

Clifford Chance and A&O Advise on Financing of Construction of Wind Plant in Poland

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Clifford Chance has advised a consortium consisting of the EBRD, ING Bank Slaski, mBank, and Santander Bank Polska on financing in the aggregate amount of PLN 480 million to Polenergia for the construction of a 121 MW wind farm in Debsk, Poland. Allen & Overy advised Polenergia.

According to Clifford Chance, "this is the largest investment in the Polenergia Group's history and will increase Polenergia's power in the onshore wind farm segment by almost 50 percent. The farm will be producing electricity sufficient to supply 183,000 households. The implementation of the project is an important step in Poland's green transformation and will enable a reduction in emissions of CO2 by as much as 318,000 tonnes, SO2 by 318 tonnes, NOx by 318 tonnes, CO by 106 tonnes, and suspended matter by 18 tonnes."

Clifford Chance's team was coordinated by Senior Associate Michal Jadwisiak, with Partners Andrzej Stosio and Jared Grubb supervising the project. The team also included Counsel Pawel Puacz, Senior Associate Maksymilian Jarzabek, Associate Piotr Weclawowicz, and Junior Associate Mateusz Ciechomski.

Allen & Overy's team included Partner Tomasz Kawczynski, Counsel Tomasz Trocki, and Associates Karolina Piorkowska-Grynkiewicz and Olga Mrowiec.

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