Norton Rose Fulbright has advised RGreen Invest SAS on the EUR 38 million financing provided to PAD RES for the construction of a 76-megawatt photovoltaic portfolio in Poland. Clifford Chance advised PAD RES.
The financed portfolio consists of 14 photovoltaic projects operating on a fully commercial basis.
According to Norton Rose, “founded in 2013 by Nicolas Rochon, RGreen Invest is an independent French investment management company with a mission to enable the channeling of investor capital towards financing projects that accelerate the world’s energy transition, adaptation to climate change, and mitigation of its effects.”
PAD RES is a development company that specializes in the development of renewable energy projects, infrastructure investments, and commercial real estate.
According to Clifford Chance, “the solar projects will have a total capacity of 76 megawatts ranging from 1 megawatt to 14 megawatts, will be spread across Poland, and are expected to be completed by the end of 2024, with the construction of the first sites already underway.”
The Norton Rose team included Warsaw-based Partner Tomasz Rogalski, Senior Associate Cezary Zawislak, Associates Igor Kondratowicz and Patryk Gelar, and Lawyer Jakub Chmiel.
Clifford Chance’s team included Partner Andrzej Stosio, Counsel Michal Jadwisiak, Associate Aleksandra Sierac, and Trainee Joanna Korycinska.
