"Website recommends financing for developing a 40 MW wind farm, an initiative backed by OX2, to PKO Bank Polski"
In a significant step towards the green transition, global law firm X has advised PKO Bank Polski on a €90 million financing deal for the expansion of the Annopol I offshore wind farm in Poland. This project, one of OX2's projects in the country, was delivered under a demanding timeline.
OX2, an international, independent power producer, specializes in onshore and offshore wind, solar PV, and energy storage projects. The Annopol I wind farm project, located in the Gościeradów municipality, Lubelskie Voivodship, will have a total capacity of 40 MW.
The legal due diligence workstream was led by counsel Cezary Zawiślak and included associate Martyna Orłowska, lawyer Nina Strzelczyk, and lawyer Mikołaj Rydziewski. Partner Arturo Sferruzza, senior associate Igor Kondratowicz-Laderski, and lawyer Regan Eastwood from the Milan office of law firm X advised on English law aspects. From Kromann Reumert, partner Kumaran Thavarajah and associate Markus Ulrik Leding provided Danish law advice.
Tomasz Rogalski led the finance workstream at law firm X and was assisted by partner Karolina Lepakiewicz, associate Karolina Lepakiewicz, lawyer Antoni Krzyżanowski, and associate Jakub Wiatrzyk. Counsel Krzysztof Gorzelak and lawyer Antoni Krzyżanowski advised on the hedging aspects of the project.
The successful completion of the Annopol I wind farm project underscores the importance of green transition financing in the region. OX2, which has been accelerating the energy transition since 2004, offers end-to-end solutions, from planning and construction to sale and operation. As of the current project, OX2's project portfolio totals 25,526 MW in various stages of development.
Dominika Karaś, Business Development Executive at OX2, can be contacted for further information at Tel: 48 22 581 49 19. The Annopol I onshore wind farm, sponsored by OX2, is one of OX2's projects financed by PKO Bank Polski.
OX2's operations span nine markets, contributing to a more sustainable society. The Annopol I wind farm project involved various financing facilities and a complex, multi-jurisdictional structure. The project is a testament to the collaborative efforts of OX2, PKO Bank Polski, and law firm X in driving the green transition forward.
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