WARSAW – 20 June 2022 – Greenberg Traurig advised PAK-Polska Czysta Energia, part of ZE PAK Group, one of the leaders in the energy transition in Poland, in connection with the acquisition of a special purpose company owned by the Neoinvestment Group, responsible for the construction of a wind farm situated in Człuchów in the Pomerania Province, consisting of 33 wind turbines with a total capacity of approx. 72.6 MW.
The planned investment will amount to approx. PLN 725 million.
The transaction was led by Local Partner Paulina Kimla–Kaczorowska, who was supported by Associate Marcin Gralewski in real estate aspects of the transaction. Associate Michał Kuratowski was responsible for corporate aspects of the transaction as well as the supervision of the due diligence process. The transaction team also included: Senior Associate Agnieszka Stopińska, Associate Marta Ludyga and Justyna Kozik. Local Partner Barbara Pancer supported the negotiation process.
The due diligence was performed by an interdisciplinary team: Local Partner Justyna Szwech, Senior Associate Tomasz Denko, Associate Jędrzej Antoszewski and Hanna Żaboklicka, Associates: Jakub Wilk, Michał Bałdowski, Monika Łukacijewska-Widacka, Angelika Makar, Marta Popławska, Senior Associate Natalia Wołkowyckaas well as Julia Dopierała, Szymon Grudzień and Kamil Nagawski.
„This is yet another acquisition of wind farm projects we have completed for the Client this year, following the March acquisition of a project company, which will develop a wind farm project consisting of 14 wind turbines situated in the Przyrów commune. The transactions completed as part of ZE PAK’s green strategy are in line with current market trends related to investments in renewable energy sources. We are very pleased that Greenberg Traurig has the opportunity to be part of the energy transition and further asserts our position in this sector,” said Paulina Kimla-Kaczorowska, Local Partner at the Warsaw office of Greenberg Traurig.
ZE PAK Group, whose largest shareholder is Zygmunt Solorz, is consistently expanding its clean energy generation business. This fits in with the ESG idea of building the value of the Group in a sustainable manner that takes into account and addresses environmental, social and business issues in a responsible and transparent way.
Greenberg Traurig, recognized as one of the leading law firms in Poland, was recently named 2021 “Law Firm of the Year in Poland” by International Financial Law Review (IFLR) and was also awarded “Poland Firm of the Year” at the highly esteemed Euromoney Legal Media Group “Women in Business Law Awards 2021 Europe.” “MergerMarket” ranks the firm as No. 1 with respect to the value of M&A transactions handled in Poland in 2021, with the value of almost 7 USD billion.
Greenberg Traurig LLP
Greenberg Traurig, LLP is a global, multi-practice law firm with approximately 2400 attorneys serving clients from 43 offices in the United States, Latin America, Europe, Asia, and the Middle East.
GREENBERG TRAURIG Nowakowska-Zimoch Wysokiński sp.k. was named the 2021 Poland Firm of the Year award at the highly esteemed Euromoney Legal Media Group “Women in Business Law Awards 2021 Europe” and the 2021,
2019, 2018 Law Firm of the Year in Poland by International Financial Law Review (IFLR). The Warsaw office of Greenberg Traurig, LLP provides legal services to clients in Central Europe and beyond and consists of approximately 100 lawyers. Team members are regularly recognized as leaders in numerous practice areas. Chambers Global, Chambers Europe, IFLR1000 and EMEA Legal 500 consistently rank them among the top tiers the areas of Corporate/M&A, Capital Markets, Real Estate, Private Equity, Tax, Banking and Finance, Project Finance, Energy, Dispute Resolution, TMT and Antitrust/Competition.
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