WARSAW – 5 December 2023 – Greenberg Traurig represented VALOREM, a French independent green energy operator, in connection with the signing of a cooperation agreement with T&T PROENERGY for the development of photovoltaic projects with a capacity of over 300 MW in Poland. As part of the agreement, T&T will carry out the investment process of the projects to construction-ready status.
The transaction was led and supervised by Konrad Kosicki, Local Partner heading the Energy and Natural Resources Practice in Poland. The team advising on the transaction included: Counsel Dorota Derlicka, Associates Karolina Lewandowska and Rafał Kulpa and Junior Associate Szymon Grudzień.
“Congratulations to VALOREM on the completion of this transaction. Our Client’s position as a leading independent producer of renewable energy in Europe is further strengthened through the collaboration with a trusted local partner. This partnership will certainly contribute to Poland's energy transition goals,” said Local Partner Konrad Kosicki.
VALOREM Group is an independent French renewable energy operator with almost 30 years of experience. The company started its operations in Poland in 2021 with a local team to develop, build, finance and operate photovoltaic, wind and storage projects. VALOREM is also active in the development of greenfield projects from the initial phase to the production of renewable electricity. With more than 450 employees, the company operates in France as well as in Finland, Greece and Poland. It has a portfolio of 5.4 GW of projects in the development phase and more than 850 MW under construction and in operation.
The partnership with T&T PROENERGY is part of VALOREM's growth strategy in Europe.
T&T PROENERGY is a developer and general contractor of photovoltaic power plants operating on the Polish market since 2011.