Norton Rose Fulbright advises BNP Paribas Bank Polska on financing construction of 32.7 MW PV portfolio sponsored by R.Power

Global Press release - Business February 2024

The Warsaw office advised BNP Paribas Bank Polska S.A. on the financing construction of 32.7 MW photovoltaic projects portfolio sponsored by R.Power S.A.

The finance stream of work was led by counsel Marta Kawecka and included associates Przemysław Piasecki and Patryk Gelar, as well as lawyer Wiktoria Jadczak. The legal due diligence stream of work was led by partner Tomasz Rogalski and comprised senior associate Cezary Zawiślak and lawyer Bartosz Odziemkowski. The entire Warsaw team worked under the supervision of partner Grzegorz Dyczkowski, who heads the Warsaw office and the firm’s Warsaw banking and finance practice.

The Dutch legal advice was provided by partner Joris Ravelli and associate Martijn Knigge.

R.Power is one of the fastest-growing companies on the European market of large-scale solar energy and a leading independent solar energy producer in Poland. Expanding its operations in Romania, Italy, Portugal, Spain, and Germany, R.Power's activities encompass the entire value chain of the solar energy sector, including the development of photovoltaic power plant projects, engineering, procurement, and construction (EPC), power plant operations and maintenance, and the production of renewable energy as an independent power producer. Currently developing a portfolio with over 21 GWp of PV and BESS (Battery Energy Storage System) assets, R.Power is still actively seeking for another large-scaled projects to buy.

Marta Kawecka commented:

“This transaction holds particular significance for us as it marks another collaboration with BNP Paribas Bank Polska, a longstanding partner with whom we have engaged on numerous occasions over the years, specifically in diverse and complex project finance initiatives. Having been involved in an array of deals with R.Power, we continue to witness their remarkable growth and impact on the European solar energy market. This partnership not only reinforces our commitment to fostering sustainable development but also highlights the trust our clients place in our ability to navigate complex financial and legal landscapes. We look forward to continuing our commitment to sustainable projects."

For further information please contact:

Beata Głuchowska, Business Development Manager

Tel: +48 22 581 4952  

Contacts

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Partner
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