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Clifford Chance Advises MBank on Financing Construction of Kostomloty Wind Farm in Poland

Clifford Chance Advises MBank on Financing Construction of Kostomloty Wind Farm in Poland

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Clifford Chance has advised mBank on a PLN 150 million loan to Polenergia granted for the financing of the VAT and costs of construction of the Kostomloty wind farm in Poland.

Polenergia is a Warsaw-based producer and distributor of electric power from conventional and renewable sources. According to Clifford Chance, the  Kostomloty wind farm’s planned capacity is 27 megawatts and the estimated annual production will be approximately 82 gigawatt hours.

Poland's mBank was founded in 1986 (under a different name), and it provides comprehensive services in the fields of retail, company, and corporate and private banking.

Clifford Chance's team included Partner Andrzej Stosio, Counsel Pawel Puacz, Senior Associate Michal Jadwisiak, Associate Piotr Weclawowicz, and Junior Associate Mateusz Ciechomski.

Clifford Chance did not reply to an inquiry about the deal.

Editor's note: After this article was published, Allen & Overy informed CEE Legal Matters that it had advised Polenergia on the deal. The firm's team included Partner Tomasz Kawczynski, Associate Karolina Piorkowska-Grynkiewicz, and Junior Associate Olga Mrowiec.

Poland Knowledge Partner

Penteris is a law firm combining in-depth expertise, robust advice, and a pan-regional reach.

We provide full-service business law advice within five sector lines: Energy & natural resources, Financial institutions, Private equity, Real estate, and Retail.

On the market since 2001, we were originally part of a Scandinavian law firm and then a founding office of a pan-Baltic organisation.

Our attorneys will work closely with you, providing you with the hard skills, service-minded know-how, and legal expertise that will keep you secure while you lead the market.

Our skills are at your disposal:

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The team continues to be internationally recognised year on year, most recently by Chambers Global 2019, Chambers Europe 2019, and The Legal 500 EMEA 2019.

Firm's website: https://penteris.com

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