10 Nov 2025

Baker McKenzie Advises Commerzbank on PLN 1.166 Billion SERV-Backed Guarantee Facility for Calik Enerji Swiss

"Baker McKenzie and Esin Attorney Partnership advised Commerzbank Aktiengesellschaft on a PLN 1.166 billion SERV-backed guarantee facility supporting Calik Enerji Swiss and Calik Enerji under an EPC contract for the turnkey construction of a 1,336 MW H2-ready combined-cycle power plant in Kozienice, Poland. Watson Farley & Williams and Pestalozzi advised the Calik companies."

Baker McKenzie and its Turkish affiliate Esin Attorney Partnership advised Commerzbank Aktiengesellschaft, while Watson Farley & Williams and Pestalozzi advised Calik Enerji Swiss and Calik Enerji. The transaction comprises a PLN 1.166 billion guarantee facility backed by Poland’s Export Credit Agency (SERV). The facility was arranged to support Calik Enerji Swiss in connection with obligations under project agreements. The facility supports Calik Enerji Swiss and Calik Enerji under their EPC contract for the turnkey construction of a 1,336-megawatt H2-ready combined-cycle power plant in Kozienice, Poland. Baker McKenzie represented Commerzbank Aktiengesellschaft with a team composed by: lawyers in Switzerland. Esin Attorney Partnership represented Commerzbank Aktiengesellschaft with a team composed by: Partner Muhsin Keskin; Associate Seray Karaalp. Watson Farley & Williams represented Calik Enerji Swiss and Calik Enerji with a team composed by: advisers to the clients. Pestalozzi represented Calik Enerji Swiss and Calik Enerji with a team composed by: advisers to the clients.
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