The Vaskol team worked tirelessly to develop innovative solutions despite significant volatility in the wholesale electricity market and uncertain regulatory and political landscapes. This adaptability allowed Vaskol to secure competitive financing terms and demonstrated the team’s ability to deliver bankable projects in even the most challenging market conditions.
Vaskol’s successful refinancing sends a positive signal to PV developers in Poland. It highlights the industry’s ability to adapt to regulatory changes and economic and political uncertainties, bolstering investor confidence. The refinancing success also underscores the continued importance of solar energy in the country’s energy transition, despite short-term challenges.
The transaction would not have been possible without our market-leading panel of advisors: Dentons (Vaskol legal, Warsaw office), Norton Rose Fulbright (lender’s legal, Warsaw office), Forte Engineering (technical).