Norton Rose Fulbright has advised PKO Bank Polski and Bank Gospodarstwa Krajowego on financing the acquisition and construction of biogas plants owned by Neo Biofuel Energy, a subsidiary of Neo Bio Energy. Kimla Law advised Neo Biofuel Energy.
According to Norton Rose, the financing arrangement supported the development and acquisition of biogas plants, representing the first syndicated biogas financing deal in Poland. Neo Bio Energy, a part of Neo Energy Group, is a Polish company that develops, constructs, and operates biogas plants. The company has 20 years of experience in producing energy from landfill gas and is rapidly expanding its presence in the agricultural and municipal biogas plant sectors, specializing in their development and operation.
According to Kimla Law, the financing will support an investment program with a total value of PLN 217 million, comprising seven installations with a total capacity of 12 megawatts at acquisition and 24 megawatts after planned expansion. In the first stage, approximately PLN 74 million will be allocated to the development and construction of three agricultural biogas plants, located in the Lubelskie and Slaskie regions.
The Norton Rose Fulbright team included Partner Tomasz Rogalski, Counsel Cezary Zawislak, Senior Associate Daniel Popek, Associates Daniel Ksiazek, Bartosz Odziemkowski, Mateusz Czuba, and Aleksandra Szostak, and Lawyers Antoni Krzyzanowski, Dominika Wojtkowska, Natalia Rybak, Wiktoria Jadczak, Mikolaj Rydzewski, Mikolaj Wolczynski, and Michal Odolczyk.
The Kimla Law team included Partner Paulina Kimla-Kaczorowska, Managing Associate Katarzyna Goljan, and Associates Szymon Grudzien and Gabriela Soltysiak.
