Projekt Solartechnik Secures PLN 82.5 Million Financing

Deal News | Dec 02, 2024 | CEE Legal Matters

Projekt Solartechnik Secures PLN 82.5 Million Financing

Norton Rose Fulbright, a leading international law firm, has advised the Polish Development Fund (Polski Fundusz Rozwoju - PFR) on granting PLN 82.5 million in long-term financing to Projekt Solartechnik. The financing aims to support and refinance the construction of photovoltaic (PV) plants throughout Poland, within 12 voivodeships. More than half of the plants are currently under construction, boasting a collective capacity of 40 megawatts-peak (MWp). Projekt Solartechnik is a key player in developing large-scale PV plants and wind farms, as well as in the green energy sector. The legal advisory engagement by Norton Rose Fulbright was led by Partner Tomasz Rogalski, with significant contributions from Counsel Krzysztof Gorzelak and several associates and lawyers. Rymarz Zdort Maruta served as legal advisors for Projekt Solartechnik.

Sectors

  • Renewable Energy
  • Legal Services
  • Financial Services

Geography

  • Poland – The financing is for photovoltaic plants located across 12 voivodeships in Poland.

Industry

  • Renewable Energy – The project involves financing for photovoltaic plants, which fall under the renewable energy sector.
  • Legal Services – Norton Rose Fulbright and Rymarz Zdort Maruta are both law firms providing legal advisory services for the transaction.
  • Financial Services – The financing arrangement involves significant financial planning and fund allocation.

Financials

  • PLN 82.5 million – Financing provided by the Polish Development Fund for photovoltaic plant development.

Participants

NameRoleTypeDescription
Projekt SolartechnikTargetCompanyA company specializing in the development and construction of large-scale PV plants and wind farms.
Polski Fundusz Rozwoju (PFR)Bidding CompanyCompanyThe Polish Development Fund providing long-term financing for the project.
Norton Rose FulbrightLegal AdvisorCompanyAn international law firm advising on the financing deal.
Rymarz Zdort MarutaLegal AdvisorCompanyA law firm advising Projekt Solartechnik.