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Kozlowski Tomasik Oszczak Advises Columbus Energy on Sale of PV Portfolio to Engie Zielona Energia

Kozlowski Tomasik Oszczak Advises Columbus Energy on Sale of PV Portfolio to Engie Zielona Energia

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Kozlowski Tomasik Oszczak has advised Columbus Energy on its sale of a 102.5-megawatt photovoltaic farms portfolio to Engie Zielona Energia. Domanski Zakrzewski Palinka reportedly advised the buyer.

According to a Columbus Energy press release, "the first tranche of the transaction, in accordance with the signed agreement, covers Energy Zielona Energia's acquisition of shares in special purpose vehicles with projects with a total capacity of 32.8 megawatts. The next tranches of the transaction have been planned for 2023. The total price of the transaction, including the subrogation, will range from EUR 97.6 to EUR 110 million – the final amount will depend on the operating results of the farm companies and will be settled by the end of 2026."

Columbus Energy is a Krakow-headquartered photovoltaics supplier in Poland. Engie Group company Engie Zielona Energia operates in the energy sector.

Editor's Note: After this article was published, DZP confirmed it had advised Engie Zielona Energia. The DZP team was led by Partner Rafal Hajduk and included Partner Magdalena Skowronska, Senior Associates Pawel Karasinski, Malgorzata Wezyk, and Tomasz Kalicki, and Associates Natalia Plaskiewicz, Michal Pytkowski, and Karina Krzoska.