Warsaw, 29 October 2020 – The MDDP Olkiewicz and Partnerslaw firm as an advisor to the SUSI Partners Swiss fund, which carries out an innovative project in Poland worth EUR 20 million, consisting in implementing solutions aimed at increasing energy efficiency of entrepreneurs – from audit through design and implementation of energy-saving investments.
MDDP was responsible for developing the transaction structure (including tax aspects in cooperation with the MDDP tax advisory) and the preparation of a complete set of transaction documentation, including a financing and collateral framework agreement.
Tomasz Olkiewicz, Managing Partner at MDDP Olkiewicz and Partners: “Our cooperation with the leaders of the energy transformation market gives us experience in providing legal services to companies from the energy sector unique in Poland. By supporting the SUSI Partners fund, we have already completed several financing transactions for innovative energy projects and we are about to complete new ones.”
The project assumes that a Polish company DB Energy S.A., with which the Swiss investment fund SUSI Partners has concluded a cooperation agreement, comprehensively provides design, assembly and maintenance services for installations that reduce energy costs in enterprises and improve their energy efficiency.
Project financing will be based on the mechanism of selling future receivables from contracts concluded in the ESCO model to Susi Partners. Such a mechanism ensures both flexibility in terms of the amount of obtained financing, as well as enables the financing of projects before the commencement of investment expenditure. The agreement will enable DB Energy to finance projects with a total value of at least EUR 20 million by 2023.
“We see long-term prospects for cooperation with DB Energy on energy efficiency projects for industrial customers. DB Energy has enormous growth potential in this market”said Alexander Hunzinger, managing director of SUSI Energy Efficiency Fund II.
“DB Energy has expertise in the field of energy efficiency and has experience in implementing such investments in industry, from project development to energy efficiency management of a company. Thanks to the cooperation with a reliable international financial partner, we will significantly expand the offer of financing ESCO projects, which should translate in the long term into an increase in the scale and number of investment projects for clients. Currently, the company is analyzing over 30 projects that could potentially find their way into our portfolio,”said Krzysztof Piontek, President of DB Energy.
DB Energy is a leading Polish company in the field of energy efficiency improvement, providing comprehensive consultancy and support for investment projects for large and medium-sized enterprises. DB Energy S.A. has extensive experience in the implementation of investments with regard to energy efficiency improvement in industry, offering clients comprehensive services from project development to energy efficiency management of the enterprise. DB Energy S.A. also offers industrial installations monitoring services, including ones for diagnostic purposes and for the purposes of improving energy efficiency. DB Energy S.A. cooperates with leading manufacturers of energy installations, as well as experienced installers and service technicians.
SUSI Partners AG is an innovative Swiss investment company specializing in sustainable infrastructure investments supporting the energy transformation process. It currently manages four funds in renewable energy, energy efficiency and energy storage. The purpose of all funds is to achieve stable, market-independent returns by investing in projects with a measurable environmental impact.