Dentons has advised Qair Polska, the Polish subsidiary of the Qair Group, on securing financing of up to PLN 575 million (€135 million) for the acquisition of the Rzepin and Linowo wind farms, with a total capacity of 106 MW, the refinancing of existing mezzanine debt, and the further development of Qair Polska’s wind, solar, and storage projects in Poland.

The new six-year bespoke facility is the largest project financing secured by Qair Polska to date. Signed through Brookfield’s infrastructure debt platform, it strengthens the four-year partnership between the parties, united by a shared ambition to support the energy transition in Central Europe.

“This deal stands out not only for its scale but also for its innovative holdco financing structure, which is new in the Polish market. We believe this model can offer significant benefits for renewable energy companies facing challenges in managing multiple project SPVs and their respective financings. Under the right circumstances, it can also present a compelling opportunity for banks looking to scale their green financing portfolios”, said Tomasz Zwoliński, partner in Dentons’ Banking and Finance team in Warsaw.

Tomasz Zwoliński oversaw the transaction, which was led by Justyna Machnicka (senior associate), with support from Krzysztof Chlebowski (associate) from the Banking and Finance team in Warsaw. The project team also included Agnieszka Stefanowicz-Barańska (partner) and Maciej Marek (counsel) from the Competition team, as well as Maciej Skoczyński (partner) from the M&A and Private Equity practice groups. Supporting the Warsaw team was Dentons’ Banking and Finance team in Paris: partner Jean-Marc Allix and associates Marine Hestroffer and Anne-Héloïse Crisaniac.

About Dentons

Redefining possibilities. Together, everywhere. For more information visit dentons.com