18 February 2021
The law firm Rymarz Zdort advised Northland Power Inc. in the conclusion of a joint venture agreement with PKN Orlen S.A. on the Baltic Power project, involving the preparation, development and operation of an offshore wind farm with a total capacity of up to 1.2 GW.
By joining the project, Canadian Northland Power Inc. will ultimately acquire 49% equity interest. The construction of the wind farm will commence in 2023.
Northland Power Inc. is a developer, owner and operator of clean and green global power infrastructure assets in four continents, including offshore wind farms operating in Europe and projects currently under construction in Asia. The installed generation capacities of its offshore wind farms are nearly 1.2 GW, comprising three farms located in the North Sea in Europe, namely Gemini (600 MW), Nordsee One (332 MW) and Deutsche Bucht (252 MW). Northland Power Inc. is also well advanced in preparing the Hai Long offshore wind farm project located in the Taiwan Strait, whose total capacity will be 1 GW, and offshore wind projects in Japan (600 MW) and South Korea (1 GW).
The work of the Rymarz Zdort team was led by partner, Marek Durski. The team included, among others: Iwona Her (partner), Irmina Wątły (counsel), Jakub Krzemień (counsel), dr Aleksandra Kabać (senior associate), Agnieszka Koniewicz (counsel), Adrian Augustyniak (associate), Sebastian Mikina (associate), Piotr Zawacki (senior associate) and Marta Szczepkowska (associate).
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