Warsaw team advises Bank Pekao on financing construction of PV portfolio sponsored by Lords LB

Global law firm Norton Rose Fulbright advised Bank Polska Kasa Opieki S.A. in relation to the financing construction of 67.7 MWp portfolio of 36 PV installations, sponsored by a leading Lithuanian investor, Lords LB Asset Management. 

Lords LB Asset Management is a premier provider of investment management services to institutional clients and high net worth individuals. Established in 2008, Lords LB Asset Management focuses on real estate and private equity investment strategies. The company currently manages these collective investment undertakings: 13 real estate funds, one private capital fund, one energy and infrastructure fund and two investment companies. The total value of assets managed by the collective investment undertakings reached €871.6 million at the end of December 2022. 

The Warsaw team was led by senior associate Daniel Popek. Partner Tomasz Rogalski, along with senior associate Daniel Popek, associate Karolina Majcher, paralegal Wiktoria Jadczak and associate Daniel Książek advised on finance aspects of the transaction. Partner Tomasz Rogalski, senior associate Cezary Zawiślak, lawyers Bartosz Odziemkowski and Martyna Korzeniewska, as well as senior associate Maciej Dubiel and associate Jan Nowjalis advised on legal due diligence and energy aspects of the transaction. Partner Veit Sahlfeld and associate Marvin Nimoh from the firm’s Hamburg office provided German law advice. 

Pestalozzi Avocats SA advised on Swiss aspects of the transaction.

Bank Polska Kasa Opieki team included Ewa Solecka, Jarosław Wesołowski, Anna Milewska and Adam Pisarek.

Partner Tomasz Rogalski, who supervised work of Norton Rose Fulbright’s team on this transaction, said:

“We are excited to have supported our client Bank Polska Kasa Opieki in financing PV portfolio constructed by Lords LB and demonstrated the strength of our project finance and energy team and knowledge we bring to such renewable energy transactions. Our Warsaw team stays active on the renewable energy front and currently assists on numerous project finance and M&A transactions in this sector”.