EDP Renewables’ PLN 674 Million Financing of Six Wind Farms

Dentons advised advised Banco Santander, Santander Bank Polska, EIB, CaixaBank and EKF, Denmark’s Export Credit Agency in the financing. Kromann Reumert advised EKF.

Banco Santander, Santander Bank Polska, EIB, CaixaBank and EKF, Denmark’s Export Credit Agency granted a financing to subsidiaries of EDP Renewables for the development, construction and operation of six wind farms with a total capacity of approximately 150 MW. EIB’s share in the financing totals PLN 304 million (€66 million) while Banco Santander, Santander Bank Polska and CaixaBank are providing the remaining PLN 370 million (€81 million) of the financing, partly backed by an ECA guarantee provided by EKF.

The portfolio includes six wind farms dispersed across Poland, in Kozlowo, Krasin, Lichnowy, Chojnice, Piatkowo and Bogoria. Some of the power projects are either in the advanced phase of development or fully operational.

The Dentons team was led by partner Piotr Nerwinski (Picture), supported by associate Jakub Walawski, managing counsel Tomasz Zwolinski and associate Katarzyna Kaptur from the Banking and Finance team in Warsaw. Mark Segall, partner in the team, advised on the English law aspects of the transaction. Partner Agnieszka Kulinska together with senior associates Lena Boczkaja, Filip Raubo and Piotr Michajlow as well as associate Mikolaj Kepas from Energy and Natural Resources team were responsible for the project aspects of the transaction.

The Kroman Reumert team included Jens Blomgren-Hansen, Lachlan Joseph Salt and Markus Ulrik Leding.

Involved fees earner: Lena Boczkaja – Dentons; Katarzyna Kaptur – Dentons; Miko?aj K?pas – Dentons; Agnieszka Kuli?ska – Dentons; Piotr Michaj?ow – Dentons; Piotr Nerwi?ski – Dentons; Filip Raubo – Dentons; Mark Segall – Dentons; Jakub Walawski – Dentons; Tomasz Zwoli?ski – Dentons; Jens Blomgren-Hansen – Kromann Reumert; Markus Ulrik Leding – Kromann Reumert;

Law Firms: Dentons; Kromann Reumert;

Clients: Banco Santander Sa; CaixaBank; EKF Denmark’s Export Credit Agency; European Investment Bank; Santander Bank Polska S.A.;