Norton Rose Fulbright Advises mBank on Refinancing of Grid Deposits for 3.5 GW of PV and Battery Storage Projects in Poland

Norton Rose Fulbright advised mBank on the refinancing of Sunly’s existing indebtedness to Eiffel Investment Group and on financing the payment of further grid deposits for planned photovoltaic (PV) and battery storage projects in Poland. The transaction comprised refinancing Sunly’s liabilities related to grid deposits for 3.5 GW of planned PV and battery storage projects developed by its subsidiaries, together with arranging financing to cover payment of additional grid deposits for further PV and battery storage projects in Poland. The financing is intended to support the development and integration of generation and storage assets across the portfolio and to advance the region’s transition to clean electricity. Sunly is an independent power producer active across Poland and the Baltic states that develops, owns and operates renewable energy assets, combining generation and storage to provide reliable, competitively priced power. Norton Rose Fulbright represented mBank with a team composed by: senior associate Igor Kondratowicz-Laderski (finance workstream lead); associate Jakub Wiatrzyk (finance workstream); lawyer Antoni Krzyżanowski (finance workstream); counsel Cezary Zawiślak (due diligence lead); associate Martyna Orłowska (due diligence); lawyers Nina Strzelczyk, Mikołaj Wołczyński, Mikołaj Rydzewski and Michał Odolczyk (due diligence); and partner Tomasz Rogalski (energy and project finance, supervisory partner).

Norton Rose Fulbright Advises mBank on Refinancing of Grid Deposits for 3.5 GW of PV and Battery Storage Projects in Poland

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