Dentons’ Energy and Natural Resources team in Warsaw advised Solaque Holding Ltd (GEO Renewables Group), a leading developer of renewable energy installations, on the negotiation and execution of a sale agreement with Enefit Green (Eesti Energia group) for a portfolio of 20 solar park projects in Poland.

The total capacity of the acquired solar power plants, which won subsidies at Polish renewable energy auctions in 2016 and 2017, is 19.15 MW. Nine of the 20 projects are already completed. The remaining plants are in the final stages of construction and will be completed by autumn 2019. The investment value amounts to €17.3 million.

Supervising the project was Partner Arkadiusz Krasnodębski, Co-head of Dentons’ Energy and Natural Resources practice in Europe. Managing Counsel Agnieszka Kulińska led the transaction team, supported by Associate Filip Ruciński.

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