Radzikowski Szubielska i Wspolnicy has advised Orlen Wind 3 on the full acquisition of three operating wind farms with a total capacity of 142 megawatts from EDP Renewables Polska. DLA Piper advised EDP.
The portfolio's enterprise value was approximately PLN 2.20 billion. According to DLA Piper, the three wind farms were commissioned in 2021-22. The transaction also included an additional up to 159 megawatts of hybrid solar projects linked to the wind farms.
EDP Renewables Polska is a subsidiary of EDP Renovaveis, "a global leader in the renewable energy sector and the world’s fourth-largest wind energy producer," according to DLA Piper. "This transaction is part of the EUR 7 billion asset rotation program for 2023-2026 announced by EDP in March 2023."
The new assets are another investment of Polish oil and gas group Orlen in renewables in the Wielkopolska voivodship. After the finalization of this transaction, Orlen will have approximately 900 megawatts of installed capacity in renewables, the firm reported.
The Radzikowski Szubielska i Wspolnicy team was led by Partners Przemyslaw Kalek and Agnieszka Piasecka and Senior Associate Joanna Jablonska and included Partners Joanna Nowak-Paradowska and Martyna Kaminska-Tabaka, Senior Associates Martyna Dyga-Mroz and Edward Bielinski, Associates Aleksandra Mikolajczyk-Bonarek and Radoslaw Dubieszko, and Junior Associates Katarzyna Beczkowska, Jan Antepowicz, and Olga Ostrowska.
The DLA Piper team in Poland was led by Co-Managing Partner Jacek Gizinski, Partner Oskar Waluskiewicz, and Senior Associates Klaudia Lorent and Dawid Krakowiak and included Counsel Beata Mrozowska - Bartkiewicz, Senior Associates Marta Bosiak, Szymon Sakowski, and Wojciech Sulimierski, Associates Sylwia Chrostowska and Piotr Galazka, Junior Associates Michal Bobryk, Monika Dmochowska, and Zofia Waszczykowska, and Paralegals Marcelina Dembinska, Weronika Kulpa, and Marek Jazwinski.