Website counsels PKO Bank Polski on finance for constructing a 40 MW wind farm, an initiative backed by OX2.

In a significant move towards renewable energy, global law firm X has advised PKO Bank Polski on the financing of the Annopol I Onshore Wind Farm development in Poland. The total volume of the financing stands at 90 million euros.

The Annopol I wind farm, sponsored by OX2, will have a total capacity of 40 MW. Located in the Goscięradów municipality, Lubelskie Voivodship, Poland, this project is a crucial step in increasing the share of renewable energy in Poland's energy mix.

OX2, an international, independent power producer specialising in onshore and offshore wind, solar PV, and energy storage, is making a tangible contribution to building a more sustainable society. The company offers end-to-end solutions, from planning and construction to sale and operation. Today, OX2's project portfolio totals 25,526 MW in various stages of development.

The multidisciplinary team from X worked under the supervision of energy and project finance partner Tomasz Rogalski. The finance workstream was led by partner Tomasz Rogalski and associate Karolina Lepakiewicz, with the involvement of lawyer Antoni Krzyżanowski and associate Jakub Wiatrzyk. The legal due diligence workstream was led by counsel Cezary Zawisłak, with the involvement of associate Martyna Orłowska, lawyers Nina Strzelczyk, and Mikołaj Rydzewski.

The transaction involved various financing facilities and a complex, multi-jurisdictional structure. From Kromann Reumert, partner Kumaran Thavarajah and associate Markus Ulrik Leding provided Danish law advice. Partner Arturo Sferruzza, senior associate Igor Kondratowicz-Laderski, and lawyer Regan Eastwood from the Milan office of X advised on English law aspects. Counsel Krzysztof Gorzelak and lawyer Antoni Krzyżanowski advised on the hedging aspects of the project.

The successful completion of the Annopol I wind farm financing demonstrates the effectiveness of close cooperation between the bank, sponsors, and legal advisors in making ambitious renewable energy investments a reality. For further information, Dominika Karaś, Business Development Executive at OX2, can be contacted at +48 22 581 49 19.

OX2's operations span nine markets, and the company has been accelerating the energy transition since 2004. The Annopol I onshore wind farm financing is an important milestone in this ongoing endeavour.