Founded in Paris in 1920, Gide is a leading international law firm with 12 offices spread throughout the world.
Gide is physically present in six regions of the world, with 11 offices, enabling it to act on cases globally.
25 September 2024
Deals | Poland | Banking & Finance
Gide advised the lenders – Rivage Investment, Copenhagen Infrastructure Partners (CIP) and Norway's Kommunal Landspensjonskasse – in connection with the Polish aspects of the €300 million IPP financing for the construction of 1.3 GW of solar PV, wind, storage and hybrid parks in the Baltics and Poland, provided to Sunly, an Estonian renewable energy producer.
The Gide Warsaw Banking & Finance team was led by Mateusz Gronau, counsel and supervised by Paweł Grześkowiak, partner, supported by Marta Karmińska, of counsel, Szymon Rydzewski and Mateusz Głaz, associates.
The financing was provided by Rivage Investment via REDI HR2, its second high-yield infrastructure debt fund and its Fund for Infrastructure Climate Solutions, and Copenhagen Infrastructure Partners (CIP) through its Green Credit Fund I, with additional participation from Norway’s largest pension company, Kommunal Landspensjonskasse (KLP) through funds managed by CIP.
Global law firm Ashurst led the project, including advising on the English law aspects, with Ellex advising on the Estonian, Latvian and Lithuanian aspects. Sunly was advised by White & Case LLP, CMS Poland and Sorainen.
Rivage Investment is an independent asset management company specialising in the financing of sustainable infrastructure, essential assets and public sector entities.
Copenhagen Infrastructure Partners (CIP), headquartered in Denmark, is one of the world's largest dedicated renewables investment firms, specialising in infrastructure investments, particularly wind power.
Norway's Kommunal Landspensjonskasse is Norway's largest pension company.
Sunly is an independent energy producer that develops and operates renewable energy projects in the Baltics and Poland. Sunly also manages a renewable energy and electrification portfolio of start-ups in Estonia.
