Bird & Bird has advised mBank on a financing and refinancing deal with Nordic Solar Energy related to the construction of 26 solar farms in northwestern Poland.
Financial detail were not disclosed.
Michal Popiolek, Managing Director of mBank, stated that, “this transaction strengthens our position as a leader in financing renewable energy sources. Green investments are not only important for our business, they also play an increasingly important role in Poland’s energy mix. I am proud that mBank has made its contribution towards this– adds Managing Director of mBank for global and investment banking.”
This marks the second financing transaction for solar farms in Poland between mBank and Nordic Solar Energy, following a loan earlier this summer for the construction of 28 solar farms in Poland (as reported by CEE Legal Matters on June 15, 2020).
Bird & Bird’s team consisted of Counsels Maciej Georg, Andrzej Nentwig, and Katarzyna Piechocka, Senior Associates Olga Koszewska and Izabela Staniszewska-Brzozek, and Junior Lawyers Jakub Leszczynski and Aleksandra Kurecka.
Editor's note: After this article was published, Smolarek Rogala Caban informed CEE Legal Matters that it had advised Nordic Solar Energy on the deal. The firm's team consisted of Partners Monika Smolarek and Marcin Rogala, Attorneys Monika Urbanska and Wojciech Majdiuk, Trainee Attorney Tomasz Zapert, and Assistant Iwona Kaminska.