20 Nov 2025

WFW advises Çalık Enerji Swiss on PLN1.17bn SERV-backed guarantee facility for Kozienice Combined-Cycle Power Plant in Poland

"Watson Farley & Williams advised Çalık Enerji Swiss AG on a PLN1.17bn (€265m) committed guarantee facility arranged by Commerzbank AG, partially covered by Swiss Export Risk Insurance (SERV), to support the advance payment bond for the 1.336 GW hydrogen-ready Kozienice combined-cycle power plant in Poland."

Watson Farley & Williams advised Çalık Enerji Swiss AG on the financing for the Kozienice power plant project in Poland. WFW advised Çalık Enerji Swiss AG on a PLN1.17bn (€265m) committed guarantee facility arranged by Commerzbank AG. The facility supports the advance payment bond for the turnkey construction of the 1.336 GW hydrogen-ready Kozienice Combined-Cycle Power Plant in Poland. The facility is partially covered by Swiss Export Risk Insurance (SERV). The transaction is described as a landmark development in Poland’s energy transition: as one of the largest projects of its kind in the region, Kozienice is expected to significantly reduce national CO₂ emissions and create foundations for future hydrogen integration. Çalık Enerji Swiss AG, based in Lucerne, delivers sustainable turnkey EPC projects across the Middle East, Central Asia, Africa and the Balkans, and leverages the Swiss supply chain in executing international energy and infrastructure projects. Watson Farley & Williams represented Çalık Enerji Swiss AG with a team composed by: Riko Vanezis, Partner (Frankfurt) — Project and Structured Finance; Alkistis Vallianatou, Associate.
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