Watson Farley & Williams (“WFW”) advised Çalik Enerji Swiss AG (“Çalık Enerji Swiss”), a Swiss subsidiary of Çalık Enerji Sanayi ve Ticaret A. Ş, on a PLN1.17bn (€265m) committed guarantee facility arranged by Commerzbank AG. The facility supports the advance payment bond for the turnkey construction of the 1.336 GW hydrogen-ready Kozienice Combined-Cycle Power Plant in Poland.
Partially covered by Swiss Export Risk Insurance (“SERV”) the transaction represents a landmark development in Poland’s energy transition. As one of the largest projects of its kind in the region, Kozienice is expected to significantly reduce national CO₂ emissions and lay the groundwork for future hydrogen integration.
Calik Enerji Swiss based in Lucerne, constructs and implements sustainable and reliable turn-key contracting (EPC) projects across the Middle East, Central Asia, Africa and the Balkans. The company plays a key role in delivering international energy and infrastructure projects, leveraging the strength of the Swiss supply chain.
The WFW Germany Infrastructure team that advised Çalık Enerji was led by Frankfurt Project and Structured Finance Partner Riko Vanezis, supported by Associate Alkistis Vallianatou.
Riko commented: “We are pleased to have advised Çalık Enerji on this strategically important transaction, which makes a meaningful contribution to Poland’s energy transition. The project demonstrates how innovative financing and cross-border collaboration can advance large-scale, sustainable infrastructure. Our involvement reflects our deep expertise in complex, multi-jurisdictional energy projects and our longstanding track record in advising on SERV-backed financings”.
