Rymarz Zdort Maruta advises Qualitas Energy on financing of construction of photovoltaic project in Poland

We are pleased to announce that we have advised Qualitas Energy on the financing of the further construction of a 28 MWp photovoltaic project located in Poland, which was granted to a company from the Suncatcher group.

The project will sell electricity on a full merchant basis (i.e. without participating in a support scheme or entering into long-term power purchase agreements). Providing financing for the construction of a project based on such formula supports Qualitas Energy’s commitment to the development of renewable energy infrastructure in Europe and, with regard to the Polish renewable energy market, is further evidence of its maturity, stability and openness to innovation.

Qualitas Energy is a leading investment and management platform focused on renewable energy, energy transition, and sustainable infrastructure investment. Since 2006, Qualitas Energy team has managed investments in renewable energy worldwide valued at more than EUR 12 billion.

Suncatcher is a group operating in Germany and Poland, specialising in the development, construction and operation of photovoltaic and BESS systems.

The legal support of Rymarz Zdort Maruta concerned advice on Polish law and covered all legal aspects of the above financing and its structuring, including as to issues related to project and legal due diligence.

The Rymarz Zdort Maruta team was led by Jakub Rachwol (partner heading the banking & finance practice) and Marcin Gruszka (counsel), who specialise in project finance for renewable energy projects, with support from, among others: Maksymilian Kaszubowski (associate) responsible for advice directly related to financing, and Adrian Augustyniak (senior associate) responsible for advising on as to issues related to project and legal due diligence.