Dentons has advised PKO Bank Polski on the financing granted to Wind Farm Lada – a company controlled by Re Alloys and, indirectly, by Luma Holding – for the construction of the 35-megawatt Dzwola onshore wind power project.
The wind farm, located in Dzwola (south-eastern Poland), will be commissioned in the fourth quarter of 2024.
According to Dentons, “the financing includes an investment loan of EUR 89 million and a VAT working capital loan of PLN 32.3 million. The Dzwola wind farm will be the first wind farm to be operated by Re Alloys, Europe’s leading producer of ferrosilicon and other silicon-based alloys. The transaction is part of a broader program which aims to ensure that Re Alloys’ energy needs are fully covered from its own renewable sources.”
Earlier this month, CEE Legal Matters reported that a fund managed by Sienna Private Credit had offered mezzanine financing to the Polish borrower for the construction of this project (as reported on February 20, 2023).
The Dentons team included Partners Tomasz Zwolinski and Agnieszka Kulinska.
The Luma Holding in-house team was led by Director of Corporate Governance and Management Board Member Patrycja Kunc-Rozbroj.