Norton Rose Fulbright has advised Polski Fundusz Rozwoju on its PLN 128 million construction financing for 26 photovoltaic farms in Poland with a total capacity of 43 megawatts, sponsored by Projekt Solartechnik. Rymarz Zdort Maruta advised Projekt Solartechnik and its subsidiaries.
According to Norton Rose, the funds will be used to finance or refinance the construction costs of 26 PV plants located in the Dolnoslaskie, Kujawsko-Pomorskie, Lubelskie, Lodzkie, Mazowieckie, Opolskie, Pomorskie, Slaskie, Wielkopolskie, and Zachodniopomorskie Voivodeships.
PFR (the Polish Development Fund) is a state-controlled group of financial and advisory institutions for entrepreneurs, local governments, and individuals investing in the sustainable social and economic development of Poland.
Projekt Solartechnik is an international company specializing in large-scale photovoltaic installations, wind farms, and green energy sales.
Back in April, Rymarz Zdort Maruta also advised Projekt-Solartechnik and its subsidiaries on their private debt financing agreement with the Eiffel Investment Group (as reported by CEE Legal Matters on April 12, 2023).
The Norton Rose Fulbright team included Partner Tomasz Rogalski, Counsel Krzysztof Gorzelak, Senior Associate Cezary Zawislak, Lawyers Wiktoria Jadczak and Jakub Chmiel, and Associates Przemyslaw Piasecki, Oskar Sula, and Daniel Ksiazek.
The Rymarz Zdort Maruta team was led by Partner Jakub Rachwol and included Senior Associate Adrian Wieslaw and Associates Augustyna Porzucek and Filip Ksiazczak.