Linklaters has advised the EBRD on its EUR 75 million investment in Poland's R.Power alongside the Three Seas Initiative Investment Fund. Slaughter and May and CMS's Luxembourg office reportedly advised 3SIIF.
R.Power is a Polish utility-scale solar photovoltaic developer and an independent power producer with a renewables portfolio in Poland as well as Romania, Germany, Italy, Spain, and Portugal.
The Three Seas Initiative Investment Fund is a dedicated commercial fund targeting infrastructure investments in CEE.
This is the EBRD’s first co-investment alongside 3SIIF, according to Linklaters. "The combined capital increase provided by the EBRD and 3SIIF is expected to support R.Power’s long-term growth strategy, including its plan to achieve a 1-gigawatt-peak operating solar photovoltaic portfolio across the EU within the next two years."
The Linklaters team included Warsaw-based Partner Daniel Cousens, Counsel Christopher Quinn, Managing Associates Michal Szperzynski, Jakub Dabrowski, and Wojciech Podlasin, Senior Associate Barbara Wanat, Associates Zuzanna Oldfield, Justyna Tuleja, and Yuliia Stepanyk, Junior Associate Wiktoria Burdzy, and Visiting Lawyer Iryna Fonotova, with further lawyers from the firm's Berlin, Lisbon, London, Luxembourg, Madrid, and Milan offices.
