Dentons’ Energy and Natural Resources practice team successfully advised Stage Capital Management Limited and Mashav Energia investment funds on the sale of the Kanin Wind Farm with a capacity of 20 MW, located in the West Pomeranian Voivodeship, to PKN Orlen.
The farm has been operating since 2012 and the amount of energy produced by it has so far reached 50 GWh per year.
The scope of Dentons’ legal advice included comprehensive transaction services to the sellers, including preparation and negotiation of transaction documentation, as well as preparation and support related to closing the transaction.
The project was supervised by Agnieszka Kulińska, Partner in the Energy and Natural Resources practice team, supported by senior associate Filip Raubo together with associates Lena Boczkaja and Filip Ruciński.
“The Kanin wind farm sale transaction was a large and legally complex project due to the extensive transaction documentation, covering a wide range of issues related to the deal and operation of the wind farm, and additional challenges related to the existing financing. We are happy that we were able to help our clients to conclude this important project ̶ it shows the attractiveness of the Polish renewable energy market and constitutes a component of its dynamic development,” said Agnieszka Kulińska.