DLA Piper has advised EDP Renewables Polska on the sale of a renewable energy portfolio comprising two photovoltaic farms with a total capacity of 280 megawatts and a wind farm hosting 13 turbines with a total capacity of 26 megawatts to the Orlen Group in a transaction worth PLN 1.15 billion.
The two photovoltaic farms are in the province of Zielona Gora while the wind farm is in the province of Lodz.
EDP Renewables Polska is the Polish subsidiary of EDP Renewables, a renewable energy sector company and the fourth largest wind energy producer in the world.
Orlen is an integrated, multi-utility corporation primarily active in Central Europe.
According to DLA Piper, "the acquisition will allow the Orlen Group to increase its renewable energy sources portfolio by over 300 megawatts, which corresponds to an almost 30% increase in its generating capacity."
The DLA Piper team included Warsaw-based Country Managing Partner Jacek Gizinski, Partner Oskar Waluskiewicz, Counsels Klaudia Lorent, Mateusz Koszel, Dominika Wolf-Jezierska, and Aleksander Haleniuk, Senior Associates Dawid Krakowiak, Szymon Sakowski, and Piotr Galazk, Associates Sylwia Chrostowska, Bartlomiej Slemp, Michal Gizewski, and Pawel Szostek, Junior Associates Michal Bobryk, Monika Dmochowska, Weronika Kulpa, Paulina Harhaj, and Karol Wasyluk, Trainees Michalina Wodzinska, Kinga Liszka, Kacper Miller, and Karolina Kosieradzka, and Paralegal Marcelina Dembinska.
DLA Piper did not respond to our inquiry on the matter.
