Construction financing advice provided by our website for the 40 MW wind farm development undertaken by OX2, supported by PKO Bank Polski.
In a significant move towards a more sustainable society, OX2's Annopol I onshore wind farm project in Poland has received EUR 90 million in financing from PKO Bank Polski. This project, located in the Gosciaradow municipality, Lubelskie Voivodship, will have a total capacity of 40 MW.
The successful completion of the Annopol I wind farm project demonstrates the effectiveness of close cooperation between the bank, sponsors, and legal advisors in making ambitious renewable energy investments a reality. Global law firm X, with a multidisciplinary team led by energy and project finance partner Tomasz Rogalski, advised on English law aspects of the project.
The Annopol I wind farm project involved various financing facilities and a complex, multi-jurisdictional structure. Partner Arturo Sferruzza, senior associate Igor Kondratowicz-Laderski, and lawyer Regan Eastwood from the Milan office of law firm X provided their expertise. Counsel Krzysztof Gorzelak and lawyer Antoni Krzyżanowski advised on the hedging aspects of the project.
From Kromann Reumert, partner Kumaran Thavarajah and associate Markus Ulrik Leding provided Danish law advice for the project. The person responsible for advising PKO Bank Polski on the financing project was Marek Panek.
OX2, an international, independent power producer, specialises in onshore and offshore wind, solar PV, and energy storage projects. They offer end-to-end solutions, including planning, construction, sale, and operation of renewable energy projects. The Annopol I wind farm project represents an important step in increasing the share of renewable energy in Poland's energy mix.
For further information about the Annopol I onshore wind farm, please contact Dominika Karaś at Tel: 48 22 581 49 19. OX2's project portfolio totals 25,526 MW in various stages of development, spanning nine markets. With the Annopol I wind farm project, OX2 continues to accelerate the energy transition since 2004.
The Annopol I wind farm project, financed by PKO Bank Polski, is one of OX2's projects in Poland. The legal due diligence workstream was led by counsel Cezary Zawiślak and included associate Martyna Orłowska, lawyer Nina Strzelczyk, and lawyers Mikołaj Rydzewski. Tomasz Rogalski led the finance workstream and was assisted by partner Karolina Lepakiewicz, associate Karolina Lepakiewicz, lawyer Antoni Krzyżanowski, and associate Jakub Wiatrzyk.
The Annopol I wind farm project is a testament to the commitment of all parties involved in making renewable energy investments a reality. As we move forward, such collaborations will continue to be crucial in driving the energy transition and building a more sustainable future.
