NextEnergy Capital Group’s Acquisition Of A Solar Project Portfolio From Green Genius

CMS has advised Green Genius on the deal.

Green Genius, part of Lithuania’s Modus Group and one of the leading developers in the renewable energy sector, sold a 42.3-MW solar project portfolio in Poland to NextEnergy Capital Group. 

The portfolio developed by Green Genius, which has more than 1.5 GW of projects in various stages of development, includes projects that were awarded a 15-year Contract for Difference (CfD) in Poland’s 2019 renewable energy auction. Once operational, the solar parks will have a combined output to supply about 24,000 homes per year.

The transaction executed through NextPower III ESG (NPIII) solar fund marks NPIII’s first acquisition in Poland. It is expected to be finalised in the last quarter of 2021, once all the assets have been constructed and energised. The value of the deal has not been disclosed.

CMS provided Green Genius with comprehensive transactional advice. The transactional project team involved in the sale of the photovoltaic (PV) portfolio comprised: Rafal Zwierz (Picture), partner and head of the CMS M&A practice in Poland, and Marta Osowska-Buba, senior associate, supported by Tomasz Piotrowski, lawyer, Joanna Bialoskórska, senior associate, Magdalena Mentrak, lawyer, and Patrycja Maliszewska, associate, from the M&A team. The Corporate/M&A lawyers were supported with sector and regulatory energy expertise provided by Piotr Prawda, senior associate, Anita Szemraj, associate, and Marta Tarkowska, lawyer. The tax advice was provided by Karol Kozlowski, associate, while Wojciech Szopinski, senior associate, delivered environmental expertise. On the real estate matters, the team was supported by Jagoda Guzik.

Involved fees earner: Joanna Bialoskorska – CMS Cameron McKenna Nabarro Olswang LLP; Jagoda Guzik – CMS Cameron McKenna Nabarro Olswang LLP; Karol Koz?owski – CMS Cameron McKenna Nabarro Olswang LLP; Patrycja Maliszewska – CMS Cameron McKenna Nabarro Olswang LLP; Magdalena Mentrak – CMS Cameron McKenna Nabarro Olswang LLP; Marta Osowska – CMS Cameron McKenna Nabarro Olswang LLP; Piotr Prawda – CMS Cameron McKenna Nabarro Olswang LLP; Anita Szemraj – CMS Cameron McKenna Nabarro Olswang LLP; Wojciech Szopinski – CMS Cameron McKenna Nabarro Olswang LLP; Marta Tarkowska – CMS Cameron McKenna Nabarro Olswang LLP; Rafa? Zwierz – CMS Cameron McKenna Nabarro Olswang LLP;

Law Firms: CMS Cameron McKenna Nabarro Olswang LLP;

Clients: Green Genius;

Author: Federica Tiefenthaler