World’s largest law firm Dentons advised two new transactions, one acquisition and one sale, regarding wind farms in Poland, another proof of the attractiveness of the Polish renewable energy market.
At the end of February, the law firm advised Stage Capital Management and Mashav Energia investment funds on the sale of the Kanin wind farm with a capacity of 20 megawatts (MW), located in the West Pomeranian voivodeship, to Polish oil refiner and petrol retailer PKN Orlen.
The farm has been operating since 2012 and the amount of energy produced by it has so far reached 50 gigawatts-hour (GWh) per year.
“The Kanin wind farm sale transaction was a large and legally complex project due to the extensive transaction documentation, covering a wide range of issues related to the deal and operation of the wind farm and additional challenges related to the existing financing,” commented Agnieszka Kulińska, who led Dentons’ Energy and Natural Resources practice team.
At the same time, Dentons also advised Macquarie’s Green Investment Group on the acquisition of a 22 MW onshore wind farm in Ścieki, in central Poland, from the EnerCap Power Funds. The wind farm has been operating since 2013 and consists of eleven Vestas V90 2 MW wind turbine generators.
“We are very glad that we had the opportunity to support our client in driving the transaction to a successful conclusion,” said Mrs Kulińska. “The acquisition of Ścieki Wind Farm strengthens our client’s position as an active player in the Polish renewables market.”