WARSAW – 2 July 2024 – Greenberg Traurig advised ZE PAK S.A., one of the leaders of the energy transition in Poland, and PAK-Polska Czysta Energia sp. z o.o., member of the Polsat Plus Group, one of the largest companies in Poland and a leading media and telecommunications group in the region, in connection with a joint investment involving the acquisition of all shares in two special purpose companies implementing a wind power complex project. As part of the investment, ZE PAK S.A. acquired 99% of the shares and PAK Polska Czysta Energia sp. z o.o. acquired 1%, with the conclusion of a document summarizing the rights of the future shareholders' agreement, which provides for the possibility of increasing the participation of PAK Polska Czysta Energia sp. z o.o. in the project.
The project, with a planned total connected power of approximately 500 MW, will be built in the Opole province. It is the largest planned onshore wind farm complex in Poland to date.
The transaction was led by Local Partner Paulina Kimla-Kaczorowska, supported by Partner Daniel Kaczorowski. The transaction team also included Associates Marcin Gralewski, Michał Kuratowski and Szymon Grudzień, and Junior Associate Justyna Kozik.
"We congratulate Polsat Plus Group and ZE PAK Group on the largest investment to date in the onshore wind energy sector in Poland. The planned connected capacity of the project is 500 MW, which is more than twice the capacity of the largest wind farm currently in operation. Operations of both Groups, which are part of their green strategy, are in line with current market trends resulting from Poland's dynamic energy transition. We are very pleased to be involved," said Daniel Kaczorowski, Partner in Greenberg Traurig’s Warsaw office.
ZE PAK SA Capital Group is a significant electricity producer on the Polish market and an important element of the country's energy system. In terms of installed capacity and electricity production, ZE PAK SA Group is the largest private energy group in Poland, consisting of vertically integrated entities operating in the area of lignite mining, electricity production from conventional and renewable sources, and energy trading.
Polsat Plus Group is one of Poland's largest companies and the leading media and telecommunications group in the region, with a total of approximately 6 million B2B and B2C contract customers, and its companies provide a total of more than 20 million services.