Taylor Wessing Poland | View firm profile
Taylor Wessing in Poland represented PKO Bank Polski and ICBC (Europe) in their entering into a loan agreement with TAURON Polska Energia S.A. As part of this key transaction for the Polish energy sector, the banks granted a Sustainability-Linked Loan (SLL) for a total amount of PLN 900 million (over EUR 206 million). The funds will be used to finance the Tauron Group’s renewable energy projects. The entire investment is fully compliant with the EU taxonomy, which emphasises its pro-environmental and sustainable nature.
The transaction was led by Counsel Michał Kulig, under the supervision of Partner Zbigniew Korba.
PKO Bank Polski is the largest bank in Poland specialising in comprehensive financial services. ICBC (Europe), part of the Industrial and Commercial Bank of China, is one of the largest banks in the world and actively supports investment cooperation between Europe and Asia. TAURON Polska Energia S.A. is one of the leading companies in the Polish energy sector, focusing on the development of renewable energy projects and the country’s energy transition.
The cooperation with PKO Bank Polski and ICBC (Europe) on this project enables the Tauron Group to develop further in the area of sustainable energy and contribute to national and EU climate targets.