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DZP advised ERG Poland Holding upon purchase of wind farm  construction project

07.01.2021

Autorzy:
Rafał Hajduk
Anna Konopka
Małgorzata Wężyk
Michał Pytkowski
Karina Krzoska

DZP advised ERG Poland Holding upon the purchase of all the shares in EW Piotrków Kujawski, the company that will construct a 24.5 MW wind  park by March 2022. The value of the transaction and wind farm construction is EUR 36.5 million (PLN 167 million).

As part of the transaction, ERG Poland Holding, a subsidiary of the Italian energy company ERG SpA, purchased 100 percent of shares in EW Piotrków Kujawski from Vortex Energy. EW Piotrków Kujawski is authorised to build a 24.5 MW wind park in north-central Poland.

The transaction also includes turbine supply and construction contracts. The completion of construction works is planned for the first quarter of 2022. A fifteen-year contract for energy supply has previously been concluded for the project, and after commissioning, the wind farm is to produce about 76 GWh per year. Thanks to the transaction, the capacity of projects of ERG Poland will increase to 142 MW.

DZP advised ERG Poland Holding throughout the construction process. DZP’s efforts were managed by Rafał Hajduk, Partner and Head of Energy Team, and the transaction team included: Małgorzata Wężyk, Anna Konopka, Michał Pytkowski and Karina Krzoska.

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