Elawan Energy’s 36 MW Wind Farm Portfolio Financing

Clifford Chance advised Santander Bank Polska and CaixaBank on the financing of a 36 MW wind farm portfolio for Elawan Energy.

Santander Bank Polska S.A. (acting as Facility Agent, Security Agent, Account Bank, Mandated Lead Arranger, Original Lender and Hedge Counterparty), CaixaBank, S.A., oddzial w Polsce (acting as Mandated Lead Arranger and Original Lender) and CaixaBank, S.A. (as Hedge Counterparty) executed a PLN 152 million facilities agreement for the financing of a portfolio of 4 onshore wind farms with a total capacity of 36 MW, belonging to Elawan Energy, a global renewable energy company. The projects won the 2019 RES auction and will sign 15-year contracts for difference providing them with stable revenue streams.

The Clifford Chance team which advised on the transaction, supervised by Andrzej Stosio (Picture – Partner, Banking & Finance) and Pawel Puacz (Counsel, Energy & Environment Group), was led by Mateusz Chmura (Senior Associate, Banking & Finance) and Marcin Markowski (Senior Associate, Energy & Environment Group) and supported by Aleksandra Bialyszewska (Associate, Banking & Finance), Aleksandra Bartoszewicz (Junior Associate, Energy & Environment Group) and Adam Aniolkowski (Junior Associate, Banking & Finance).

Involved fees earner: Aleksandra Bia?yszewska – Clifford Chance; Mateusz Chmura – Clifford Chance; Marcin Markowski – Clifford Chance; Pawe? Puacz – Clifford Chance; Andrzej Stosio – Clifford Chance;

Law Firms: Clifford Chance;

Clients: CaixaBank; Santander Bank Polska S.A.;

Giulia Di Palma

Author: Giulia Di Palma