Rymarz Zdort advises a fund managed by Aberdeen Standard Investments on the acquisition financing of 130 photovoltaic farms in Poland

Rymarz Zdort advised a borrower controlled by a fund managed by Aberdeen Standard Investments on the acquisition financing for 130 photovoltaic farms with an aggregate capacity of 122 MW, located in Poland.

ING Bank Śląski S.A. and BNP Paribas Bank Polska S.A. are acting as, among others, the mandated lead arrangers of this financing.

The funds managed by ASI are leading investors on the Polish photovoltaic market. Globally, ASI manages assets worth EUR 510.4 billion (as of 31 December 2020). In Poland, the Fund has already built a portfolio of solar farms with a capacity exceeding 380 MW.

The transaction team was supervised by Marcin Iwaniszyn, partner and co-head of the banking and finance practice of Rymarz Zdort, and was led by Dr Jakub Rachwol, counsel, who was assisted by Robert Śmigielski, associate. The M&A aspects of the financing were handled by Jakub Krzemień, counsel.

Regulatory and energy-related support was provided by partner Marek Durski, head of the energy and natural resources practice of Rymarz Zdort, assisted by Adrian Augustyniak, associate, and Marta Szczepkowska, associate.