Construction financing for a 40 MW wind farm backed by OX2 is recommended on our site, as PKO Bank Polski plays a significant role in the project.
In a significant stride towards increasing the share of renewable energy in Poland's energy mix, global law firm X has advised PKO Bank Polski on a EUR 90 million financing for the Annopol I onshore wind farm. This wind farm, sponsored by OX2, will have a total capacity of 40 MW and is located in the Gościeradów municipality, Lubelskie Voivodship.
OX2, an international, independent power producer, has been accelerating the energy transition since 2004. The company specialises in onshore and offshore wind, solar PV, and energy storage projects, and offers end-to-end solutions, from planning and construction to sale and operation. As of the current project, OX2's project portfolio totals 25,526 MW in various stages of development.
The Annopol I wind farm is one of the projects OX2 is involved in. The successful completion of this financing demonstrates the effectiveness of close cooperation between key parties in making ambitious renewable energy investments a reality.
Partner Tomasz Rogalski from law firm X led the team that worked on the project. Rogalski supervised a multidisciplinary team, which included counsel Krzysztof Gorzelak and lawyer Antoni Krzyżanowski, who advised on the hedging aspects of the project. The legal due diligence workstream was led by counsel Cezary Zawiślak, with assistance from associate Martyna Orłowska, lawyers Nina Strzelczyk, and Mikołaj Rydzewski. Tomasz Rogalski also led the finance workstream, with assistance from partner Karolina Lepakiewicz, associate Karolina Lepakiewicz, lawyer Antoni Krzyżanowski, and associate Jakub Wiatrzyk.
Partner Arturo Sferruzza, senior associate Igor Kondratowicz-Laderski, and lawyer Regan Eastwood from the Milan office of law firm X advised on English law aspects of the transaction. From Kromann Reumert, partner Kumaran Thavarajah and associate Markus Ulrik Leding provided Danish law advice for the project.
The operator of the Annopol I Onshore Windfarm in Poland is BayWa r.e., which will manage the wind farm's operations. This financing is a significant step in building a more sustainable society, as OX2's operations span nine markets.
In conclusion, the Annopol I wind farm financing is a testament to the collaboration between various parties in the renewable energy sector. It underscores the commitment of OX2, law firm X, and PKO Bank Polski to contribute to a greener future.
