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Norton Rose Fulbright Advises Susi Partners and Luneos Green Energy on PLN 81 million VAT financing for PV Projects in Poland

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Norton Rose Fulbright has advised Susi Partners, acting on behalf of Susi Energy Transition Fund, and its portfolio company, Luneos Green Energy, on a PLN 81 million facility made available by mBank. Rymarz Zdort Maruta reportedly advised mBank.

According to Norton Rose, "the facility will be used for the financing of VAT payable in connection with the construction of a fully merchant 157-megawatt solar photovoltaic portfolio in Poland."

Founded in 2009, Susi Partners is a Swiss-based fund manager specializing in sustainable energy infrastructure investments.

Earlier this year, Norton Rose Fulbright advised SETF and Luneos Green Energy on raising a Euro-denominated senior debt package to finance the construction of this portfolio, which was made available by P Capital Partners, a Swedish private credit provider, through its transition fund (as reported by CEE Legal Matters on January 19, 2024). In 2022, Norton Rose Fulbright advised Susi Partners on the establishment of a renewable energy platform in Poland (as reported by CEE Legal Matters on February 14, 2022).

The Norton Rose Fulbright team included Partner Tomasz Rogalski, Senior Associate Igor Kondratowicz, and Associates Karolina Majcher and Daniel Ksiazek.