Norton Rose Fulbright advises PKO Bank Polski on financing for construction of 40 MW wind farm sponsored by OX2

Global law firm Norton Rose Fulbright has advised PKO Bank Polski on the EUR 90 million financing for the development of the Annopol I onshore wind farm in Poland.

The project, sponsored by OX2, will have a total capacity of 40 MW and is located in the Gościeradów municipality, Lubelskie Voivodship.

The multidisciplinary Norton Rose Fulbright team worked under the supervision of energy and project finance partner Tomasz Rogalski.

The finance workstream was led by partner Tomasz Rogalski and associate Karolina Lepakiewicz and included lawyer Antoni Krzyżanowski and associate Jakub Wiatrzyk. The legal due diligence workstream was led by counsel Cezary Zawiślak and included associate Martyna Orłowska and lawyers Nina Strzelczyk and Mikołaj Rydzewski.

Counsel Krzysztof Gorzelak and lawyer Antoni Krzyżanowski advised on the hedging aspects.

Partner Arturo Sferruzza, senior associate Igor Kondratowicz-Laderski and lawyer Regan Eastwood from the Milan office advised on English law aspects. From Kromann Reumert, partner Kumaran Thavarajah and associate Markus Ulrik Leding provided Danish law advice.

OX2 develops and manages projects in onshore and offshore wind, solar PV, and energy storage, offering end-to-end solutions - from planning and construction to sale and operation. OX2 is a leading international, independent power producer, accelerating the energy transition since 2004. Today, OX2's project portfolio totals 25,526 MW in various stages of development, with operations spanning nine markets - making a tangible contribution to building a more sustainable society.

Tomasz Rogalski commented:

"We are delighted to have supported PKO Bank Polski in financing the construction of the Annopol I wind farm in Poland. This project represents an important step in increasing the share of renewable energy in Poland's energy mix and highlights the growing role of green transition financing in the region. The transaction involved various financing facilities and a complex, multi-jurisdictional structure, all delivered under a demanding timeline. Its successful completion demonstrates how close cooperation between the bank, sponsors, and legal advisors can make ambitious renewable energy investments a reality."