Clifford Chance has advised a syndicate of banks including Santander Bank Polska, BNP Paribas Bank Polska, and PKO Bank Polski on the financing of a portfolio of 4 wind farm projects and 29 PV projects with a total capacity of 106 MW, belonging to Qair, an independent electricity producer. Dentons reportedly advised Qair on the PLN 479 million transaction.
According to Clifford Chance, “this is one of the largest financings of hybrid portfolios in Poland. All of the projects covered by the transaction won RES auctions.”
Clifford Chance’s team included Partners Andrzej Stosio and Jared Grubb, Counsel Pawel Puacz, Senior Associates Maksymilian Jarzabek, Michal Jadwisiak, and Izabela Cybulska, and Associates Dominika Wroblewska and Bartosz Zielinski.