A&O Shearman has advised Farma Wiatrowa Annopol sp. z o.o., a subsidiary of OX2 AB, on the successful financing provided by Powszechna Kasa Oszczednosci Bank Polski S.A.
The project, with an estimated value of more than EUR80 million, involves the development of a 40MW wind farm consisting of ten turbines in the Gościeradów commune, marking a significant step forward in advancing Poland’s shift towards renewable energy sources.
The firm’s cross-border team provided end-to-end legal support, covering all aspects of the financing process and the negotiation of a long-term corporate Power Purchase Agreement (PPA) integral to the project’s bankability.
The transaction was led by Kamil Jankielewicz, counsel, and Anna Pawelec, senior associate, with key contributions from Antoni Roszkowski, and Jana Marsalkova, senior associates and,Rafał Róziecki, associate.
Tomasz Kawczyński commented: "We are proud to have supported OX2 on this strategic investment, which not only advances Poland’s renewable energy capacity but also demonstrates the strength of our cross-border team in delivering innovative financing solutions. This project highlights our commitment to helping clients achieve their sustainability objectives and navigate the evolving energy landscape in Europe."