Gorzelnik Nentwig Ziebinski has advised Equinor Group company Wento on its sale of a 28-megawatt solar photovoltaics portfolio to Modus Asset Management. Dentons has advised the buyer.
Wento is a renewable energy company in Poland that develops, builds, and operates photovoltaic and wind projects in the country.
Modus Asset Management is a Lithuanian fund management company focusing on renewable energy investments.
"Higher degree of complexity is required to navigate power price volatility, rising financing costs, high inflation, and foreign exchange fluctuations," Modus Asset Management CEO Povilas Peciulis commented. "We are committed to further investments, strengthening regional energy independence, and expanding clean generation sources."
The GNZ Legal team was led by Partner Jakub Gorzelnik.
The Dentons team was led by Partner Agnieszka Kulinska and included Counsel Filip Raubo, Senior Associates Lena Boczkaja and Sandra Sekula-Baranska, and Associates Julia Krynska, Marcin Ratajczak, Witold Szpek, and Anna Czebocko.