Earlier this year, we reported on the successful construction project financing of two wind farms in Poland: Krzecin and Kuslin, with a combined installed capacity of 59MW.
Construction has been progressing very favourably ever since, with practical completion expected for Krzecin in Q4 2021 and for Kuslin in mid-2022.
Given such favourable circumstances, WKN (a member of the PNE Group) was able to take these projects to market in a swift manner, and secured a sale to Octopus Renewables Infrastructure Trust PLC last month.
We are proud to have accompanied WKN on this journey, continuing our collaboration with PNE’s excellent in-house legal team (led by its Head of Legal, Dr. Jan Messer) and ably assisted by their commercial advisors Dauerkraft (Stefan Küver and team).
The transaction received press coverage from CEE Legal Matters, a publication focussing on Central and Eastern Europe.
Lawyer Monthly also ran a feature, which included an interview with Lux Nova’s transaction lead, Nikola Zahariev.
These transactions are a small but significant step towards reducing the dependence on coal-fired electricity generation in Poland, and we look forward to contributing further to Poland’s journey to Net Zero.
