Dentons has advised PKO Bank Polski on the financing granted to VSB Group's subsidiary VSB Polska for its investment in the 41.6-megawatt Raciborz onshore wind park. Solivan advised VSB.
PKO Bank Polski is the largest bank in Poland, with assets reaching PLN 507 billion at the end of the first half of 2024.
VSB, headquartered in Dresden, is a European vertically integrated renewable energy developer. Its core business is the project development of onshore wind and photovoltaic parks, their operational management, and the operation of its parks as a growing independent power producer.
According to Dentons, located in Silesia, in the south of Poland, the project comprises 13 wind turbines. Construction began in June 2023, and the turbines were installed in October 2024. The first electricity supply from the Raciborz wind farm is expected in the first quarter of 2025.
Earlier in 2024, Dentons advised on VSB Group's sale of a wind farm project in Poland (as reported by CEE Legal Matters on September 27, 2024).
The Dentons team included Warsaw-based Partners Tomasz Zwolinski and Christian Schnell, Counsel Joanna Swiostek, Senior Associates Hanna Szymanska, Grzegorz Ciesniarski, and Jerzy Oppeln-Bronikowski, and Associates Justyna Machnicka and Aleksandra Czyz as well as Germany-based Partners Axel Schlieter and Arne Kluewer and Associate Paul Sieminski.
The Solivan team included Of Counsel Justyna Chabocka.
