Current reports
Current report no. 27/2021
Conclusion of a Letter of Intent with Orsted Wind Power
Legal basis:
Art. 17 item 1 MAR – inside information
Contents of the report:
ZE PAK SA (“Company”) informs that on 14 October 2021 the Company signed a Letter of Intent with Orsted Wind Power A/S with its seat in Fredericia, Denmark (“Orsted Wind Power”, jointly with the Company as “Parties”).
The intention of the Parties is the implementation and development of wind farm projects in the maritime areas of the Republic of Poland. The cooperation will be developed through joint ventures in which both parties will own 50% of shares. The parties plan to jointly prepare and submit applications for the issuance of permits for the construction and use of artificial islands, structures and devices in the maritime areas of the Republic of Poland for offshore wind farm projects in the upcoming deciding procedure, conducted in accordance with Art. 27d et seq. of the Act of March 21, 1991 on the maritime areas of the Republic of Poland and maritime administration.
The parties intend to define the terms of cooperation in the Partnership Agreement ("Agreement"), which is the subject of negotiations, and in other agreements to be negotiated and concluded in the performance of the Agreement.
The implementation of the goal described in the Letter of Intent depends on the fulfilment of the condition precedent in the form of the competent antimonopoly authority issuing a decision granting the Parties unconditional consent for cooperation or the expiry of the statutory deadline by which the antimonopoly authority should issue a decision expressing such consent, and after that date, the consent is deemed to have been issued under the law.
The Company will inform about the next important stages of the process in separate current reports.
Signatures of persons representing the Company:
Piotr Woźny – President of the Management Board
Maciej Nietopiel – Vice President of the Management Board