CMS has advised a company from the SINO-CEEF group on the construction and sale of a 51-megawatt photovoltaic power plant portfolio in Poland to a consortium of two Chinese investors. B2RLaw, working with King & Wood Mallesons, advised the unidentified buyers on their acquisition.
The transaction closed on September 21, 2022.
According to CMS, "SINO-CEEF is a leading private equity firm that focuses on investments in Central and Eastern Europe, as well as other regions associated with the Belt and Road Initiative."
According to B2RLaw, "the total power generation of these projects is expected to reach 50 gigawatt-hours per year, which meets the electricity demand of more than 9,000 households in Poland and reduces nearly 50,000 tons of carbon dioxide emissions annually, in line with the renewable energy development goals of both Poland and the European Union. The projects have created 300 local job opportunities."
CMS’ team included Partners Lukasz Szatkowski and Rafal Zwierz, Counsels Malgorzata Brauckmann-Sajkiewicz and Krzysztof Mrozik, Senior Associates Marta Osowska-Buba, Karol Kozlowski, Piotr Prawda, and Adam Kedziora, Associates Kinga Mogilnicka, Rafal Kolkowski, and Julia Czerwinska, and Lawyers Alicja Smyklinska, Karolina Drozd, and Adrianna Roszak.
B2RLaw’s team included Partners Agnieszka Hajos-Iwanska and Bogdan Duda, Counsels Filip Badziak, Luiza Wyrebkowska, Piotr Leonarski, and Paulina Wyrostek, Senior Associate Krystyna Jakubowska, Associate Ewelina Chabowska, Junior Associates Dorota Gaju, Michal Blados, and Konrad Czernecki, and Paralegal Julia Bujkowska.
Editor's Note: After this article was published, Norton Rose Fulbright announced it had advised the Bank of China (Luxembourg) Poland Branch on financing the acquisition. The firm's Warsaw-based team was led by Associate Igor Kondratowicz under the supervision of Counsel Tomasz Rogalski.
