Dentons has advised Ignitis Renewables subsidiary Pomerania Wind Farm on EUR 82 million in refinancing facilities from the EIB and the Nordic Investment Bank, with Skandinavska Enskilda Banken serving as the agent, security agent, and account bank. TGS Baltic reportedly advised the borrower as well.
According to Dentons, "the wind power project is located in the Pomeranian voivodship. It commenced commercial operations in December 2021 and its 29 turbines have a combined output of approximately 300 gigawatt/hours per year, enough to meet the demand of close to 160,000 homes."
"We’re immensely thankful for the steadfast collaboration with the EIB and NIB, as their backing is fundamental to the success of our renewable energy projects," commented Ignitis Group CFO Jonas Rimavicius. "At Ignitis Group, we're at the forefront of driving the green energy transition in the Baltic region and Poland, aiming for a future powered entirely by sustainable energy. This ambitious vision hinges on the support from key European financial institutions."
The Dentons team included Partner Mark Segall, Counsel Jakub Zienkiewicz, and Associate Jakub Olejniczak.
Editor's Note: After this article was published, Norton Rose Fulbright informed CEE Legal Matters it had advised the European Investment Bank, the Nordic Investment Bank, and Skandinaviska Enskilda Banken on the EUR 82 million refinancing. The firm's team included Partner Tomasz Rogalski, Counsels Marta Kawecka and Malgorzata Patocka, Senior Associates Daniel Popek and Cezary Zawislak, Senior Consultant Piotr Strawa, Lawyers Wiktoria Jadczak, Natalia Rybak, Bartosz Odziemkowski, and Mikolaj Wolczynski, Associates Karolina Majcher, Jakub Wiatrzyk, Paula Stepien, Mateusz Czuba, Przemyslaw Piasecki, Martyna Korzeniewska, Daniel Ksiazek, and Jan Nowjalis, as well as further team members in the UK and Luxembourg.
Ellex subsequently informed CEE Legal Matters it had advised lenders as well. The firm's team included Associate Partner Egle Neverbickiene and Associate Ainis Augustas Petrulis.