Experts in focus
"The change in perceptions of nuclear energy is visible in the transactional context. Previously institutional investors did not consider this sector attractive. Currently, we are observing growing interest in transactions in this area – if not directly in power plants, then in companies that are part of the broader value chain related to nuclear energy."
Weronika Achramowicz | Managing partner and co-head of the transactional practice in Warsaw
"Global recognition of nuclear energy’s role in achieving net zero is growing, yet access to financing, regulatory complexity, and long project timelines remain as barriers. While major financial institutions now back nuclear expansion, success requires well-structured government commitments, legal frameworks and an effective “route to market” for new projects."
Tania Arora | Partner within Baker McKenzie’s Energy, Mining & Infrastructure Group based in London
"Polish regulations reduce the overall level of risk associated with the construction and operation of nuclear power plants, which is significant from the perspective of planning and obtaining financing for these projects. However, there are still issues that may require legislative solutions, such as the functioning of insurance pools, strengthening local content requirements at the ordering stage, or determining the method of calculating local content."
Agnieszka Skorupińska | Partner leading the sustainability and energy transition team at Baker McKenzie in Warsaw
"None of the nuclear projects currently being implemented in Poland have fully secured financing at this time. However, the investment in EJ1 is the most advanced, and obtaining the missing funds should not be a significant obstacle to its implementation."
Arkadiusz Ratajczak | Senior Associate in the sustainability and energy transition team at Baker McKenzie in Warsaw
"The challenge will be to coordinate the construction of the accompanying infrastructure (e.g. the MOLF Marine Off-Loading Facility) in an optimal way with the progress made in the preparations for the construction of NPP1 itself – even more so as each of these investments is a complex, time-consuming and costly undertaking, and many stakeholders at central and local level are involved in their implementation."
Klaudia Cholewa | Senior Associate in the sustainability and energy transition team at Baker McKenzie in Warsaw
"Spain’s nuclear phase-out between 2027 and 2035 raises concerns about increased dependence on fossil fuels and rising CO2 emissions, potentially jeopardizing the Spanish government’s Paris Agreement commitments. While Spain moves away from nuclear, Poland is taking the opposite approach – leveraging nuclear power to ensure energy security and grid stability amid Europe’s decarbonization efforts."
Manuel Somacarrera | Team Leader within Baker McKenzie’s Energy, Mining & Infrastructure Group at Baker McKenzie Spain
