Domanski Zakrzewski Palinka has advised Hanwha Q Cells on the sale of 51 photovoltaic farms in Poland with a total capacity of 46 MW to Danish PV plant developer Obton. Clifford Chance advised KfW IPEX-Bank on financing for the deal and Danish law firm Kromann Reumert reportedly advised on Danish legal aspects of the transaction. Obton was advised by Bird & Bird.
Hanwha Q Cells is a manufacturer of photovoltaic cells and modules that also develops and constructs PV projects.
According to Clifford Chance, "the financing was KfW IPEX Bank's first transaction in Poland’s renewable energies market, and one of the largest cross-border financings of photovoltaic farms in Poland."
DZP's team was led by Partner Rafal Hajduk.
Clifford Chance's Polish team consisted of Partners Andrzej Stosio, Agnieszka Janicka and Daniel Kopania, Counsel Pawel Puacz, and Associates Michal Jadwisiak, Natalia Karasiewicz, Mateus Ciechomski, and Adrian Krol. The firm's team also included, in Frankfurt, Partner Christof Hafner, Associate Gregor Zymek, Transaction Lawyer Sonja Lukner and Legal Support Assistant Antonia Kipry.
Bird & Bird’s team was led by Counsel Maciej Georg. It included Senior Associate Olga Koszewska, Associate Krzysztof Szulc, and Junior Associate Jakub Leszczynski. Additional support was provided by Partner Rafal Dziedzic on the M&A side, and Copenhagen-based Senior Associate Ted Rosenbaum and Frankfurt-based Counsel Sebastian Bergenthal on the financing side.