Linklaters has advised TAURON Polska Energia S.A. on obtaining financing through two credit agreements, with a total value of PLN 2.9 billion.

The first credit agreement, valued at PLN 2 billion, was concluded with Bank Gospodarstwa Krajowego (BGK), while the second, valued at PLN 900 million, was signed with a consortium of banks comprising Powszechna Kasa Oszczędności Bank Polski (PKO BP) and Industrial and Commercial Bank of China (Europe) (ICBC). The funds will be allocated for financing and refinancing investments related to renewable energy sources, the development of distribution networks, the construction of energy storage facilities, the transformation of heating infrastructure, and the acquisition of companies undertaking RES projects.

The Linklaters team was led by Marta Domino (partner), supported by Katarzyna Lesińska (senior associate) and Michał de Białynia Woycikiewicz (associate) from the Warsaw banking and finance practice.