Clifford Chance has advised PAD RES on a PLN 240 million financing agreement with the Polish Development Fund for the construction of two photovoltaic farms with a total capacity of 117 megawatts in northern Poland. Wardynski & Partners advised the PDF.
PAD RES is a clean energy asset space developer in Poland.
According to Clifford Chance, the two PV farms will be built in northern Poland – near the town of Sztum and the village of Mikolajki Pomorskie. The area of the planned photovoltaic farms is about 140 hectares, and their total target capacity is 117 megawatts, which will supply as many as 65,000 Polish households with clean energy.
Earlier in 2023, Clifford Chance advised PAD RES on a EUR 38 million financing for the construction of a 76-megawatt photovoltaic portfolio in Poland (as reported by CEE Legal Matters on February 21, 2023).
The Clifford Chance team included Partner Andrzej Stosio, Counsel Michal Jadwisiak, Senior Associate Marcin Markowski, and Lawyers Joanna Korycinska, Weronika Patzer, Julia Piotrkowicz, Zuzanna Rosnowska, and Maria Majchrzak, as well as further team members in Amsterdam.
The Wardynski & Partners team included Partners Lukasz Szegda and Radoslaw Wasiak, Counsel Konrad Werner, and Associates Sylwia Boguska and Rafal Pytko.
