Norton Rose Fulbright advises Eiffel Investment Group on financing grid deposits for 6 GW PV and BESS portfolio sponsored by Sunly in Poland

Global law firm Norton Rose Fulbright advised Eiffel Investment Group on legal due diligence and financing of grid deposits for 6 GW PV and battery storage portfolio sponsored by Sunly.

Eiffel Investment Group is an independent asset manager with €5.5bn (as of 30/09/2023, uncalled commitments included) under management. Eiffel Investment Group’s investor base consists of large institutional investors (insurance companies, mutual insurers, pension funds, banks, family offices, public investors, etc.) as well as retail investors via intermediated distribution. Backed by the Impala group founded by entrepreneur Jacques Veyrat, Eiffel Investment Group cultivates a strong industrial expertise, in particular in the field of the energy transition, but also in the life sciences, agri-food and digital sectors.

Eiffel Investment Group finances corporates and their assets through four main strategies: private debt, private equity, energy transition infrastructures and listed equities and credit. Its goal is to invest for a sustainable world. Its investment strategies aim to generate not only a strong financial performance but also positive social and environmental impacts. Eiffel Investment Group’s team includes approximately 100 professionals across France (Paris), BeNeLux (Amsterdam), the US (New York) and the UAE (Abu Dhabi).

Sunly is an independent energy producer who develops renewable energy projects in the Baltics and Poland. It also manages a renewable energy and electrification portfolio of start-ups in Estonia. Sunly was established in 2019 by a synergic team of experts previously proven in the renewable energy sector. In 2022, Sunly acquired one of the leading Polish solar power developer, Alseva, to drive the green transition in Poland. Sunly has local teams in Estonia, Latvia, Lithuania and Poland.

The team was led by senior associate Igor Kondratowicz and included lawyers Wiktoria Jadczak and Izabela Kręgiel (finance aspects of the transaction), as well as senior associate Cezary Zawiślak, associate Cezary Zientecki, lawyers Martyna Orłowska, Bartosz Odziemkowski and Aleksandra Szostak (legal due diligence aspects of the transaction). The entire Norton Rose Fulbright team worked under the supervision of partner Tomasz Rogalski.