Warsaw team advises Bank Polska Kasa Opieki on financing construction of Poland wind farm sponsored by ZE PAK

Global law firm Norton Rose Fulbright advised Bank Polska Kasa Opieki on financing construction of 9.6 MW Miłosław wind farm sponsored by ZE PAK located in Pałczyn, Miłosław Commune, wrzesiński poviat, wielkopolskie voivodeship in Poland.

Miłosław wind farm includes 4 wind turbines with capacity 2.4 MW each and has secured offtake of generated electricity by way of long-term power purchase agreement.

ZE PAK was established as a result of the transformation of the state enterprise Zespół Elektrowni Pątnów-Adamów-Konin, based in Konin, into a company wholly owned by the State Treasury under the name Zespół Elektrowni Pątnów-Adamów-Konin S.A. Its core business is primarily the generation and sale of electricity and the production and distribution of heat. The company generates energy from conventional sources and by burning and co-firing biomass. The ZE PAK Group’s generating assets include also four lignite-fired power plants.

The Warsaw banking and finance team was led by senior associate Igor Kondratowicz and due diligence and regulatory team by senior associate Cezary Zawiślak. Partner Tomasz Rogalski, along with senior associate Igor Kondratowicz, associates Patryk Gelar and Daniel Książek, advised on finance aspects of the transaction. Partner Tomasz Rogalski, senior associate Cezary Zawiślak, associates Paula Stępień, Cezary Zientecki, Karol Truszkowski and lawyers Bartosz Odziemkowski and Martyna Korzeniewska, as well as associate Jan Nowjalis advised on legal due diligence and regulatory aspects of the transaction.

Bank Polska Kasa Opieki’s team included Przemysław Floryan, Katarzyna Brodowska and Hubert Mazurczak.