Polenergia’s PLN 44.5 Million Project Financing

Clifford Chance advised ING Bank ?l?ski.

ING Bank Slaski signed the amendment and restatement agreement to a PLN 44.5M facilities agreement in connection with the financing of the second phase of the construction of PV farms in the Sulechów municipality with a total capacity of 11.7 MWs by Polenergia Farma Wiatrowa 17, a subsidiary of Polenergia, the largest private energy group in Poland. The Sulechów II project will consist of 12 PV farms and the necessary technical infrastructure. Each of the farms will have a capacity of up to 1MW. The project won last year’s RES auction for new photovoltaic farms. In 2019, we advised ING Bank Slaski on the financing for the first phase of this project – Sulechów I with a total capacity of 8MWs.

The Clifford Chance team involved in the transaction consisted of: Andrzej Stosio (Picture – Partner co-heading the Warsaw Banking and Finance Department), Michal Jadwisiak (Senior Associate), Piotr Weclawowicz (Associate) and Mateusz Ciechomski (Associate).

Involved fees earner: Mateusz Ciechomski – Clifford Chance; Micha? Jadwisiak – Clifford Chance; Andrzej Stosio – Clifford Chance; Piotr W?c?awowicz – Clifford Chance;

Law Firms: Clifford Chance;

Clients: ING Bank Slaski S.A.;

Federica Tiefenthaler

Author: Federica Tiefenthaler