Warsaw, 27 September 2023 – LongWing Energy Group relied on the legal expertise of Wolf Theiss in the sale of Zalesie Wind Farm to PGE Energia Odnawialna, a subsidiary of the PGE Group.
The Wolf Theiss team advised LongWing Energy Group on the transaction with PGE Energia Odnawialna, which is currently the largest producer of green energy in Poland. Zalesie Wind Farm, with a capacity of almost 25 MW, was purchased upon receiving a generation license.
Wolf Theiss’ mandate involved drafting and negotiating the share purchase agreement, the documents necessary to repay the existing loans and financing instruments, and overall assistance with signing and closing the transaction.
“Congratulations to LongWing Energy Group and PGE for making strategic investment in renewable energy. We’re proud to have been part of this transaction, which marks a significant step towards a greener and more sustainable future for all,“commented Maciej Olszewski, Counsel at Wolf Theiss.
“We are delighted to have advised LongWing Energy Group on the sale of shares in the project company and the repayment of the existing complex financing, which was challenging both to set up and to unwind. This transaction underscores that Wolf Theiss is a perfect choice for financing renewable energy projects,“added Przemek Kozdój, Partner at Wolf Theiss.