Practice Areas - Project Finance and Infrastructure Law Firms and Lawyers
| Deal Date: | 31-07-2014 | Practice Area: | Project Finance and Infrastructure |
| Deal Title: | Trading Emissions Sale of Shares in Potegowo Wind Farm Project | Industry: | Alternative Energy |
| Description: |
Dentons advised TEP (Renewables Holding) Limited, a subsidiary of the Irish company Trading Emissions PLC, in connection with a sale of shares in EWG Slupsk, which plans to develop the Potegowo wind farm in northern Poland. The project is currently the largest wind farm project in Poland to enter the construction phase.
The shares were purchased by Winergy Last Mile, a Cyprus-based company. The purchaser and seller signed the contract on July 7, 2014.
The transaction involves the sale of a 64 percent stake and repayment of loans incurred by EWG Slupsk to TEP (Renewables Holding) Limited.
The Potegowo wind farm will feature 98 turbines with total capacity of 253.5 MW, complete with auxiliary infrastructure. The company has already signed a power grid interconnection agreement, land leases and secured all construction, environmental and other permits needed to commence construction works. The Potegowo project is currently the largest wind farm project in Poland to enter the construction phase.
The project was coordinated by the following Dentons lawyers: Arkadiusz Krasnodebski, Tomasz Janas, Malgorzata Bluszcz and Jakub Wieczorek.
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| Financial Center: | Warsaw | Value: | 0.00-0.00 |
| Advised Party: | Equity Sponsor | Law Firm | Dentons |
| Project Location | Poland | Equity Sponsor | Poland |
| Classification: |
Project Finance Renewable Energy Wind Farms |
Lawyer | Arkadiusz Krasnodebski |
