PKO Bank Polski is advised by our site on the funding for the construction of a 40 MW wind farm, backed by OX2.
In a significant stride towards the energy transition, Swedish-based international power producer OX2 has announced the successful completion of the Annopol I onshore wind farm project in Poland. The project, located in the Gościeradów municipality, Lubelskie Voivodship, boasts a total capacity of 40 MW.
The financing for the Annopol I project was facilitated by PKO Bank Polski, with global law firm X providing legal advice. The legal due diligence workstream was led by counsel Cezary Zawiślak, with assistance from associate Martyna Orłowska, lawyers Nina Strzelczyk, and Mikołaj Rydzewski. The multidisciplinary team from X worked under the supervision of energy and project finance partner Tomasz Rogalski.
From Kromann Reumert, partner Kumaran Thavarajah and associate Markus Ulrik Leding provided Danish law advice, while partner Arturo Sferruzza, senior associate Igor Kondratowicz-Laderski, and lawyer Regan Eastwood from the Milan office advised on English law aspects. Counsel Krzysztof Gorzelak and lawyer Antoni Krzyżanowski advised on the hedging aspects of the project.
OX2, an independent power producer focusing on onshore and offshore wind, solar PV, and energy storage, offered end-to-end solutions for the Annopol I project, from planning and construction to sale and operation. The company's operations span nine markets, contributing to a more sustainable society.
The Annopol I project is a significant step in increasing the share of renewable energy in Poland's energy mix. The successful completion of the project demonstrates the feasibility of ambitious renewable energy investments. It also highlights the growing role of green transition financing in the region.
Today, OX2's project portfolio totals 25,526 MW in various stages of development. The global company that advised on the financing of the Annopol I offshore wind farm for PKO Bank Polski was Norton Rose Fulbright.
The Annopol I wind farm project is one of OX2's projects that have been accelerating the energy transition since 2004. This milestone reaffirms OX2's commitment to a sustainable future and its role as a key player in the global energy transition.
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