Rymarz Zdort has advised a consortium of banks including Bank Slaski, Bank Polska Kasa Opieki, and BNP Paribas Bank Polska on their PLN 428 million financing for Famur Group’s photovoltaic portfolio. Clifford Chance advised the borrowers.
According to Rymarz Zdort, “the portfolio has an aggregate capacity of 134 megawatts and is being developed by 32 borrowers.”
“The loan agreement was concluded between a consortium of banks and 32 companies whose sole shareholder is the closed-end investment fund Projekt Solartechnik Fund Fundusz Inwestycyjny Zamkniety, part of the Famur Group,” Famur announced.
The Famur Group is a technology holding providing solutions for the energy, mining, and bulk material handling industries. The group consists of 57 companies located in Poland, Germany, Russia, Kazakhstan, Serbia, China, India, Indonesia, and South Africa.
“We currently have projects in our portfolio with a total capacity of approximately 1.5 gigawatts, including 134 megawatts under construction and another 500 megawatts in the pipeline,” Famur Management Board President Miroslaw Bendzera commented. “Signing this agreement with banks will allow us to manage the financing structure in the photovoltaic portfolio area more efficiently and, at the same time – Famur will have the opportunity to partially release its funds involved in the construction of this field of activity and allocate them to further development. We are constantly supporting the expansion of green business in order to provide it with funds for stable development so as to make the most of the market potential.”
The Rymarz Zdort team was led by Counsel Jakub Rachwol and included Partners Marcin Iwaniszyn and Marek Durski, Counsel Lukasz Lech, Senior Associate Adrian Augustyniak, and Associates Andrzej Sarnacki, Krystian Kurgan, Maria Slomska, Oskar Lipien, Klaudia Kasztelewicz, and Fiona Pytlinska.
The Clifford Chance team was led by Partner Milosz Golab and included Counsel Pawel Puacz, Senior Associates Michal Jadwisiak, Kacper Bardan, and Izabela Cybulska, and Associates Piotr Weclawowicz, Natalia Karasiewicz, Maja Kubit, and Aleksandra Bartoszewicz.