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Dentons Advises ERG Renew on First Polish Investment

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Dentons' Warsaw office has advised ERG Renew on its purchase of shares in EW Orneta 2 from the Vortex Energy Group. ERG Renew is the largest Italian and a leading European producer of wind energy. 

According to Dentons, EW Orneta 2 will build a wind farm with a capacity of 42 MW in the municipality of Radziejow, in Poland. The construction project is scheduled to commence in the third quarter of 2014, with a view to coming on stream by mid-2015. The total estimated cost of implementation of the wind farm project is EUR 65 million. The transaction is scheduled to close in July 2014. 

Arkadiusz Krasnodebski, the Managing Partner of Dentons Warsaw office, commented that "this is the company's first investment in Poland, and we feel privileged to participate in the introduction of such an important wind energy company to the Polish market."

The share purchase was conducted by Dentons Counsel Tomasz Janas, who was supported by Associate Malgorzata Bluszcz. 

 

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