Engie Zielona Energia Sp Z O O agreed to acquire 18-MW Cyranka solar project from Onde S.A. (WSE:OND) for an enterprise value of PLN 75 million on June 29, 2023. The project consists of two photovoltaic (PV) farms, Gizycko 1 and Gizycko 2. The final amount that ONDE received from the buyer under the transaction was adjusted for the value of Cyranka's net working capital and net indebtedness, including indebtedness under loans to finance the construction of the aforementioned photovoltaic power plants.

Engie Zielona Energia Sp Z O O completed the acquisition of 18-MW Cyranka solar project from Onde S.A. (WSE:OND) on July 3, 2023. Jakub Domalik-Plakwicz and Marek Kleczek of DLA Piper Poland and Kamil Janczyk and Adam Pankowski of Deloitte Financial Advisory acted as advisor to ONDE. Agnieszka Kulinska and Filip Raubo of Dentons Europe Dabrowski i Wspolnicy sp. k. advised Engie.