Norton Rose Fulbright has advised a consortium of Polish banks including BNP Paribas Bank Polska and mBank on a PLN 321 million (approximately EUR 69 million) financing facility provided to R.Power. Baker McKenzie reportedly advised R.Power.
R.Power is an independent PV developer and operator, active in Poland, Romania, Italy, Portugal, Spain, and Germany.
According to Norton Rose, the funding will support the construction of photovoltaic projects in Poland with a total capacity of 139 megawatt-peak. The financing arrangement also includes VAT coverage for investment costs and a guarantee line to secure PPA-related obligations.
The Norton Rose Fulbright Warsaw-based team included Partners Grzegorz Dyczkowski and Tomasz Rogalski, Counsel Marta Kawecka, Senior Associate Cezary Zawislak, Associates Karolina Majcher, Paula Stepien, Aleksandra Szostak, and Martyna Orlowska, and Lawyers Dominika Wojtkowska, Wiktoria Jadczak, Natalia Rybak, Bartosz Odziemkowski, Nina Strzelczyk, and Mikolaj Wolczynski.
