Dentons advised AP Pension on financing Better Energy solar parks in Poland

Dentons advised AP Pension on financing Better Energy solar parks in Poland

The €65 million loan will fund one of the largest investments in green energy

Dentons has advised AP Pension, one of Denmark’s largest pension funds, on financing Better Energy solar parks across Poland in Polanów, Postomino, Nidzica, Helenowo, and Krapkowice, with a combined annual production capacity of 237 MW.

The solar parks are complete, with the majority grid-connected and producing clean energy for the Polish market. The expected annual production capacity from the parks has the potential to generate enough electricity for 120,000 households, while reducing emissions by 186,000 tons of CO2.

Piotr Nerwiński, the Partner and co-head of Dentons’ banking and finance practice in Warsaw, commented, “We are pleased to see the growing interest of private debt providers and investors in the financing of Polish renewables. Working with AP Pension on Better Energy’s solar projects was truly gratifying. All parties strived to achieve the goals of the transaction to help drive the energy transition in Poland.”

The Dentons team advised AP Pension on negotiating and executing finance documents and assisted in relation to renewable energy regulations.

While Piotr Nerwiński supervised the transaction with assistance from Katarzyna Kaptur (associate), the managing counsel in the energy and natural resources practice, Zbigniew Stasiak, advised on regulatory aspects.