Rymarz Zdort has advised Polish energy group PGE on its entrance into a joint venture with Danish energy concern Orsted, involving the development, construction, and operation of the Baltica-3 Wind Power Plant with a capacity of approximately 1 GW and the Baltica-2 Wind Power Plant with a capacity of approximately 1.5 GW. Allen & Overy advised Orsted on the deal.
Orsted and PGE will hold equal 50% shares. The Baltica-3 Wind Power Plant will have a capacity of approximately 1 GW and the Baltica-2 Wind Power Plant will have a capacity of approximately 1.5 GW. The estimated total cost of the investment Rymarz Zdort reports, “within the range of PLN 30-40 billion.”
Rymarz Zdort’s team included Partners Marek Durski, Marek Maciag, Iwona Her, and Robert Krasnodebski, Counsels Jakub Krzemien, Marek Kanczew, Irmina Watly and Agnieszka Koniewicz, Senior Associates Aleksandra Kabac and Piotr Zawacki, and Associates Tomasz Karkowski, Andrzej Granat, Sebastian Mikina, Adrian Augustyniak, Krystian Kowalski, and Weronika Szyszka.
Allen & Overy's multi-jurisdictional team was led by London-based Partner Chris Andrew and included, in Warsaw, Partners Jaroslaw Iwanicki, Dan Cocker, and Marta Sendrowicz, Consultant Kamil Jankielewicz, Tax Counsel Maciej Kulawik, Senior Associates Maciej Szykut, Justyna Ostrowska, and Olga Wisniewska-Lukasiuk, and Associates Katarzyna Idczak, Antoni Roszkowski, Aleksander Braksator, Aleksandra Kloczko, and Marcin Ziarkowski; in London, Partner Michael Diosi and Associates Peter Tolson and Sherin Bhasker; in Brussels, Partners Jurgen Schindler and Dirk Arts and Senior Associate Milosz Cywinski; and in Paris, Partner Romaric Lazerges and Juriste Cyril Cotterall.