Meanwhile, the RES installations launched prior to 1 July 2016, where the lead is taken by industrial wind farms, are to remain covered by the hitherto applicable support system with no option to sell the energy manufactured at an auction. The entry into effect on 15 July 2016 of the act on investments in wind power stations is not without significance for further growth of the Polish wind energy market. The latter act introduces, similarly as in the case of Bavaria, the so-called "10 H" rule, which sets out a restriction in respect of construction of wind power plants at a certain distance from properties designated for residential purposes.
What will the nearest future look like for the Polish RES market?
What will be the economic consequences for investors and entities financing the existing and future RES installations in Poland?
What are the legal instruments available to investors to adapt their schemes to the current circumstances?
These questions will be answered by lawyers from BSJP during the PfandbriefAkademie
seminar to be held on 14 September 2016 in Berlin. Comprehensive information on the new legal and economic requirements and constraints relating to construction, financing and state aid for RES installations in Poland will be provided during the seminar. Addresses will be made in reference to the requirements and constraints for existing and new schemes as per the legal regulations currently in effect, including:
- sources of income,
- terms of support,
- building law,
- environmental impact assessment,
- connection to the grid
- and financial close on the one hand,
as well as the economic and legal terms set by financing entities, in brief:
- types of loan facilities,
- collaterals such as pledge and assignment of rights,
- matters relating to insurance,
- loan facility documentation,
- due diligence analysis,
- technical issues,
- event of default and its legal consequences on the other hand.
The seminar will be run in German.
Feel welcome to join us at the seminar.