Construction financing for a 40 MW wind farm spearheaded by OX2 is being advised by PKO Bank Polski, as per our site's counsel.

In a significant stride towards the energy transition, global law firm Dentons has advised PKO Bank Polski on a €90 million financing for the Annopol I onshore wind farm in Poland. This project, sponsored by international power producer OX2, marks an important step in increasing the share of renewable energy in Poland's energy mix.

The Annopol I wind farm, with a total capacity of 40 MW, is located in the Gościeradów municipality, Lubelskie Voivodship. OX2, an independent power producer specializing in onshore and offshore wind, solar PV, and energy storage, is making a tangible contribution to building a more sustainable society with this project.

The financing involved various financing facilities and a complex, multi-jurisdictional structure. The legal due diligence workstream was led by counsel Cezary Zawiślak and included associate Martyna Orłowska, lawyers Nina Strzelczyk, and Mikołaj Rydzewski. Partner Arturo Sferruzza, senior associate Igor Kondratowicz-Laderski, and lawyer Regan Eastwood from the Milan office advised on English law aspects of the project. From Kromann Reumert, partner Kumaran Thavarajah and associate Markus Ulrik Leding provided Danish law advice for the project.

The finance workstream was led by partner Tomasz Rogalski, associate Karolina Lepakiewicz, and included lawyer Antoni Krzyżanowski and associate Jakub Wiatrzyk. Counsel Krzysztof Gorzelak and lawyer Antoni Krzyżanowski advised on the hedging aspects of the project. The successful completion of the Annopol I wind farm financing demonstrates how close cooperation between the bank, sponsors, and legal advisors can make ambitious renewable energy investments a reality.

Today, OX2's project portfolio totals 25,526 MW in various stages of development. The Annopol I wind farm financing highlights the growing role of green transition financing in the region. This financing marks an important milestone in OX2's operations, which span nine markets.

In accelerating the energy transition since 2004, OX2 offers end-to-end solutions, from planning and construction to sale and operation. The Annopol I wind farm financing is a testament to OX2's commitment to a sustainable future and the increasing role of renewable energy in the global energy landscape.