Kleczew Solar & Wind Farm Sold to Energa Wytwarzanie
Deal News | Jan 13, 2025 | CEE Legal Matters
Taylor Wessing has provided legal counsel to the Polish Development Fund-managed FIZAN fund in the sale process of the Kleczew Solar & Wind farm to Energa Wytwarzanie, a subsidiary of the Orlen Group. The Kleczew installation currently boasts a total capacity of 244.5 megawatts, combining a 225.3-megawatt photovoltaic farm with a 19.2-megawatt wind farm. Plans are underway to enhance the photovoltaic capacity by an additional 25.4 megawatts. The deal underscores the ongoing expansion and investment activities in renewable energy within Poland, highlighting the strategic interest and growth potential for major players like Energa Wytwarzanie in diversifying and strengthening their green energy portfolios. Taylor Wessing's advisory team was led by Partner Zbigniew Korba and Counsel Michal Kulig, although the firm did not provide further comments on the transaction.
Sectors
- Renewable Energy
- Legal Advisory
- Private Equity
Geography
- Poland – The transaction involves the sale of a renewable energy asset located in Poland and the involvement of Polish entities.
Industry
- Renewable Energy – The article pertains to the sale and expansion of the Kleczew Solar & Wind farm, a renewable energy project.
- Legal Advisory – Taylor Wessing, a law firm, advised on the transaction, signifying the legal advisory's role in M&A processes.
- Private Equity – The Polish Development Fund-managed FIZAN fund was involved as a lender, showcasing the participation of private equity in renewable energy investments.
Financials
- 244.5 megawatts – The current capacity of the Kleczew Solar & Wind farm.
- 25.4 megawatts – Planned expansion in photovoltaic capacity for the Kleczew project.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Kleczew Solar & Wind Farm | Target Company | Company | A renewable energy project with a current capacity of 244.5 megawatts. |
| Lewandpol Holding | Selling Company | Company | The company selling the Kleczew Solar & Wind farm. |
| Energa Wytwarzanie | Bidding Company | Company | Part of the Orlen Group, the company acquiring the Kleczew Solar & Wind farm. |
| Polish Development Fund-managed FIZAN Fund | Lender | Company | The fund involved as a lender in the transaction. |
| Taylor Wessing | Legal Advisor | Company | A law firm advising the Polish Development Fund-managed FIZAN Fund on the sale transaction. |
| Zbigniew Korba | Partner | Person | A partner at Taylor Wessing involved in advising on the transaction. |
| Michal Kulig | Counsel | Person | A counsel at Taylor Wessing involved in advising on the transaction. |