Ergy has recently completed a top-up financing process for 68 MW Łańcut Wind Farm operated by Lewandpol Łańcut. This transaction is a stepping stone to the realization of Lewandpol Group’s strategy to expand their renewable investments portfolio. We are looking forward to support Lewandpol Group in this process.
The financing was secured from a consortium of three Lenders. On top of the existing PLN 143m long term financing provided by Bank Ochrony Środowiska, we have secured an additional PLN 120m of senior debt from the two largest Polish Banks: PKO Bank Polski and Bank Pekao. The project and its creditors will benefit from the Power Purchase Agreement executed with TAURON Polska Energia for 2023.
Lewandpol Group is one of the leading independent investors in the Polish renewable energy sector with a portfolio of operating or RTB projects exceeding 300 MW. Funds released through the process will be used towards further renewable energy investments of the Group.
Ergy was a Lead Advisor to the Borrower in PPA origination and finance raising process. Special thanks go out to all the parties engaged in this process – Bank Ochrony Środowiska (Aleksandra Kerner, Agnieszka Ledwolorz), PKO Bank Polski (Adam Kosmala, Michał Słowik, Agnieszka Gałązka), Bank Pekao (Czarek Burzyński, Janusz Ciepliński, Jakub Głowaczewski) and Norton Rose Fulbright (Tomasz Rogalski, Karolina Majcher) who acted as Lenders’ legal advisor.