White & Case advises BGK on PLN 3.5 billion offshore wind farms financing for ORLEN

Global law firm White & Case LLP has advised Bank Gospodarstwa Krajowego (BGK) on the PLN 3.5 billion (approximately €827 million) financing provided under Poland's National Recovery and Resilience Plan (NRRP) to ORLEN S.A., a leading multi-energy conglomerate operating primarily in Central Europe, for the construction of the Baltic Power and Baltic East offshore wind farms.

"White & Case has advised BGK on yet another significant financing, which also represents another successful financing under Poland's NRRP on which our Firm has advised," said White & Case partner Grzegorz Abram, who led the Firm's deal team.

Of PLN 3.5 billion, PLN 900 million will be allocated to the development of the Baltic Power offshore wind farm, with the remaining funds designated for the Baltic East project.

The Baltic Power project involves the construction and operation of Poland's first and currently most advanced offshore wind farm, comprising 76 turbines with a total maximum installed capacity of 1,140 MW. The Baltic East offshore wind farm will feature approximately 65 turbines with a total maximum capacity of 966 MW. Both projects will include offshore substations, internal power and telecommunication lines and connection infrastructure.

The White & Case team in Warsaw that advised on the transaction included partner Grzegorz Abram and associates Magdalena Bachleda-Księdzularz and Marlena Skowrońska.

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