PwC advised funds managed by Aberdeen Standard Investments on a transaction in renewable energy

The Funds managed by Aberdeen Standard Investments (“ASI”) have signed a contract for purchase of 130 photovoltaic farms of 122 MW in total. PwC was the leading advisor in the transaction executed by ASI. It is already the 6th transaction on this market executed with PwC experts’ assistance this year. 

The projects were prepared by R.Power, a leading photovoltaic developer in Poland. After their commissioning, they will be taken over by ASI. The loan agreement was signed with a consortium of ING Bank Śląski and BNP Paribas Bank Polska.

Aberdeen Standard Investments is a global asset management company. With over 1,000 investment professionals, it manages €510.4 billion of assets. ASI has clients in c.80 countries and provides services through more than 40 offices worldwide.

The investment supports the energy transformation in Poland, increasing the installed power in RES projects and reducing reliance on energy generated from fossil fuels.

The PwC Team was led by Agnieszka Gajewska and Łukasz Stanecki (the Capital Project & Infrastructure Team) in cooperation with the PwC Electric Energy Team managed by Dorota Dębińska-Pokorska with the support of Jan Biernacki and the Merger & Acquisition team of Adam Demusiak and Andrzej Rusiniak.

The transaction is the 7th PV transaction already executed by ASI and successfully supported by PwC as the leading transaction advisor over the period of the last 24 months, and the 6th RES transaction supported by PwC which was closed in 2021 alone.

Aberdeen Standard Investments is a global asset manager dedicated to creating long-term value for our clients. With over 1,000 investment professionals, it manages €510.4 billion* of assets worldwide and has clients in c.80 countries. (*as of 31 December 2020)