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Dentons Advises on PLN 335 Million Financing for Nozdrzec Wind Farm

Dentons Advises on PLN 335 Million Financing for Nozdrzec Wind Farm

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Dentons has advised sponsor Yevulei Shemesh Renewable Energy Group the PLN 335 million financing extended by mBank and the EBRD for the construction and operation of a 48-megawatt onshore wind farm in south-eastern Poland.

According to Dentons, "the project consists of 16 wind turbines and is expected to generate 138 gigawatt-hours of electricity per annum, allowing the reduction of up to 100,000 tons of carbon dioxide emissions annually."

The Nozdrzec wind farm is developed by a company ultimately majority-owned by the Yevulei Shemesh Renewable Energy Group, an Israeli renewable energy group, and managed by YVS Cerac Management CY, whose founders have been involved in the development, construction, and asset ownership of more than 300 megawatts of wind capacity in Poland, the firm reported.

The Dentons team included Senior Counsel Wojciech Zielinski, Counsel Pawel Dlugoborski, and Associates Kamil Bator and Jakub Olejniczak.

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