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CMS and Norton Rose Fulbright Advise on Lewandpol Hybrid Solar & Wind Farm Project and Financing

CMS and Norton Rose Fulbright Advise on Lewandpol Hybrid Solar & Wind Farm Project and Financing

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CMS has advised the Lewandpol Group on a project to build a hybrid solar and wind farm in Poland. Norton Rose Fulbright advised ING Bank Slaski, PKO Bank Polski, and mBank on a PLN 766 million senior secured financing for the project. Gessel reportedly advised a Polish Development Fund investment fund on providing a PLN 100 million subordinated loan.

Lewandpol Holding is a Polish private investor operating in the renewable energy sources sector.

According to Norton Rose, the deal involved financing for the "construction of the Kleczew Solar & Wind project including a 193-megawatt-peak photovoltaic plant and an up to 19.2-megawatt wind farm located in the Kleczew commune in Greater Poland."

According to CMS, "Kleczew Solar & Wind, located in Kleczew, Wielkopolska Voivodeship, Poland, will be the first large-scale project to combine solar and wind energy in Poland and one of the largest renewable energy parks in Central and Eastern Europe. The expected capacity of the farm exceeds 200 megawatts and has the possibility to further expand. Kleczew Solar & Wind is scheduled to start producing electricity in 2023 and is expected to produce enough to meet the needs of around 100,000 households."

The CMS team included Partners Lukasz Szatkowski and Michal Mezykowski, Counsel Martyna Markiewicz, Senior Associates Jan Radziuk and Magdalena Czenko, Associates Kacper Stanosz, Patrycja Styczynska, and Karolina Bandzul-Krol, and Lawyers Alicja Smyklinska, Andrzej Szostak, and Maciej Lorenz.

Norton Rose's team included Partner Tomasz Rogalski, Senior Associate Cezary Zawislak, Associates Karolina Majcher and Patryk Gelar, and Lawyer Jakub Chmiel.

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