Dentons has advised GoldenPeaks Capital on obtaining financing from BayernLB for new two portfolios of solar farms in Poland. The projects, Delta and Echo, will have a total capacity of 157 MW.

This is another financing for GoldenPeaks Capital, where the revenues of the project companies are based on commercial power purchase agreements (cPPAs), and not on the auction-based support. system.

GoldenPeaks Capital, one of the fastest growing independent producers of green energy in Europe, has operated in Poland since 2016. Its portfolios in Eastern Europe have a combined capacity of over 2.3 GW of photovoltaic assets and represent the largest pool of assets owned by a single entity to date.

Dentons provided comprehensive support to GoldenPeaks Capital in preparing, negotiating and executing the financing documents, preparing a due diligence report on the projects included in the portfolio, and advising on PPA regulations.

Piotr Nerwiński, Partner in the Banking and Finance team, supervised the transaction and Justyna Jamroży (counsel) led the project, with assistance from Katarzyna Kaptur (associate) and Weronika Łakoma (associate). Supervised by Agnieszka Kulińska, who heads the Energy and Natural Resources practice in Poland, the following lawyers advised on the project-related aspects of the transaction: Lena Boczkaja (senior associate), Mikołaj Kępas (senior associate), as well as associates: Julia Kryńska, Witold Szpek, Marcin Ratajczak and Katarzyna Stochniałek (associate, PPP/Infrastructure team).

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