Poland: BSJP in sale of 108 MW onshore wind project portfolio in Poland
BSJP advised Sabowind GmbH, a German windfarm developer, on the sale of a portfolio of wind projects in Poland, with a total capacity of 108 MW.
The portfolio was acquired by DIF Capital Partners, a leading global independent fund manager. The wind projects, which will be equipped with 54 Vestas V100 / V90 turbines, are to be constructed under a turbine supply agreement by Vestas and a tailored EPC contract by Sabowind. Once commissioned, Sabowind will be responsible for the technical and commercial management of the projects, which will benefit from the support scheme for renewable energy in Poland. The total production is estimated to be c. 300 GWh per year, which is the equivalent to the annual power consumption of around 75,000 households; thereby avoiding c. 100,000 tonnes of CO2 emissions per year from fossil fuels.
BSJP team, led by Alina Szarlak, Partner and dr Grzegorz Wąsiewski, Counsel, performed a seller's due diligence analysis in the early stage of the transaction and rendered assistance at subsequent negotiations and finalization of the transaction documentation, in particular SPAs and EPC contracts.
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