WARSAW – 12 October 2022 – Greenberg Traurig advised PAK-Polska Czysta Energia, part of ZE PAK Group and one of the leaders in energy transition in Poland, in connection with the acquisition of another special purpose company owned by the Neoinvestment Group and responsible for the construction of a wind farm situated in Potęgowo, Słupsk and Damnica in the Pomerania Province, consisting of 23 Vestas wind turbines with a total capacity of approx. 50.6 MW.
The transaction was co-led by Associate Marcin Gralewski, responsible for the real estate aspects of the transaction, and Associate Michał Kuratowski responsible for the corporate aspects of the transaction and supervising the due diligence process. The transaction team also included Junior Associates Szymon Grudzień and Justyna Kozik.
The due diligence was performed by an interdisciplinary team comprising Local Partner Barbara Pancer, Associate Marta Popławska and Junior Associates Wiktoria Grotkowska-Szostak and Przemysław Nycz.
Moreover, Greenberg Trauig advised on the facility agreement related to the financing of the construction of the first wind farm project acquired by PAK-Polska Czysta Energia, to be developed by the special purpose company Farma Wiatrowa Kazimierz Biskupi, up to the amount of PLN 135 million term facility and PLN 30 million of VAT facility.
The team advising on the financing of the Kazimierz Biskupi wind farm project included Associate Krzysztof Wiśniewski and Junior Associates Szymon Grudzień and Bartosz Skalski.
Both transactions were supervised by Local Partner Paulina Kimla-Kaczorowska.
“These are another two transactions related to wind farm projects that 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 and the June acquisition of a project company, which will develop a wind farm project consisting of 33 wind turbines situated in the Człuchów commune. The transactions completed as part of Polsat Plus Group/ZE PAK’s green strategy are in line with current market trends related to Poland’s dynamic energy transition and investments in renewable energy sources. We are very pleased that Greenberg Traurig has the opportunity to be part of this process and that our team is further asserting its 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 2500 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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