DNB Bank Polska S.A. and the European Bank’s Loan Facilities To Abu Dhabi Future Energy Company


Clifford Chance advised DNB Bank Polska S.A. and the European Bank for Reconstruction and Development on the deal.

DNB Bank Polska S.A. and the European Bank for Reconstruction and Development granted loan facilities to a joint-venture company controlled by Taaleri SolarWind II and Masdar (Abu Dhabi Future Energy Company). The proceeds of the facility will be used to finance the costs of acquisition, development and construction of the Mlawa and Grajewo wind farms acquired from Solaque Holding Ltd. and Wind Power Systems A/S (Vestas).

The construction of the Mlawa and Grajewo wind farms started in June 2020. Ultimately, there will be 24 turbines with a total capacity of 51.4 MW, generating approx. 192 GWh of electricity per year.

The legal advice for the transaction was coordinated by Michal Jadwisiak (Senior Associate), with partners Jared Grubb (Picture) and Andrzej Stosio supervising the transaction. The Clifford Chance team also included Pawel Puacz (Counsel) and associates Piotr Weclawowicz, Adrian Król, Mateusz Ciechomski, Dominika Wróblewska, and Natalia Karasiewicz.

Involved fees earner: Mateusz Ciechomski – Clifford Chance; Jared Grubb – Clifford Chance; Michał Jadwisiak – Clifford Chance; Natalia Karasiewicz – Clifford Chance; Paweł Puacz – Clifford Chance; Andrzej Stosio – Clifford Chance; Piotr Węcławowicz – Clifford Chance;

Law Firms: Clifford Chance;

Clients: DNB Bank Polska S.A; European Bank for Reconstruction and Development;

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Author: Michael Patrini.