DWF has advised KGAL Investment Management on two long-term power purchase agreements with Lafarge Cement Polska for the Krasin and Rywald onshore wind farms owned by the KGAL ESPF 4 Renewable Energy Fund. Elzanowski & Partnerzy advised Lafarge Cement.
KGAL Investment Management is part of the KGAL Group, an independent investment and asset manager with a managed investment volume of more than EUR 16 billion. It focuses on long-term investments in real estate, sustainable infrastructure, and aviation.
Lafarge Cement Polska is part of the Holcim Group which operates in sustainable construction solutions and has been present in Poland since 1995.
According to DWF, “the 36-megawatt Krasin wind farm has been generating green electricity since last September. Rywald, with 27 megawatts of capacity, entered the portfolio in the spring of 2021 during the project development phase. It is expected that this farm will begin feeding into the grid on a regular basis from October. Together, the two wind farms will supply Lafarge with around 230 gigawatt-hours of green electricity per year.”
DWF’s team included Partner Karol Lasocki and Senior Associates Paulina Stachura and Maria Kierska.
The Elzanowski & Partnerzy team included Managing Partner Filip Elzanowski, Partner Anna Kucinska, and Attorney Trainee Zuzanna Stachurska.