DZP has advised Re Alloys, the only producer of ferroalloys in Poland and one of the largest in Europe, on the acquisition of a 35 MW wind farm project from Martifer Renewables, as well as on the preparation and conclusion of several key contracts for the implementation of the invest.
The wind farm, which is being constructed in the village of Dzwola in Lubelskie Voivodship, is expected to be put into operation in the second half of 2024 and the energy it produces will be fully utilised by Re Alloys, a company belonging to the Luma Holding group. The investment is part of the company's long-term strategy, which is for the company's energy needs to be covered entirely by renewable energy sources and to achieve zero emissions.
Our advice in the process to purchase the wind farm project from Martifer Renewables, a company in the Portuguese Martifer Group, covered all stages of the transaction. We also supported the client in concluding contracts with the turbine supplier, Nordex group, one of the largest wind turbine manufacturers in the world. We also advised on the balance of plant (BoP) agreement and a long-term power purchase agreement – Corporate Power Purchase Agreement (cPPA) – which will enable Re Alloys to optimise its power purchasing costs and the Dzwola Wind Farm to provide a long-term revenue guarantee.
The client was advised by a team led by Rafał Hajduk, Partner in the Infrastructure & Energy Practice, composed of Małgorzata Wężyk, Senior Associate, Michał Pytkowski, Associate, Tomasz Darowski, Partner, Beata Cieszyńska, Senior Associate, and Joanna Wierzejska, Partner in the Tax Practice.