Board of directors

Bart Dujcynski

Board Member

16+ years power investment experience, most recently as CFO at Polenergia Poland’s leading independent vertically integrated utility with a renewable focus (www.polenergia.pl), and Investment Director at Kulczyk Investments in London (Polenergia controlling shareholder).

  • Relevant experience:
    • Creation, management, restructuring/refinancing and diversified growth of Polenergia as power platform internationally, including CFO role for 2 years at a time of structural financial distress of onshore wind in Poland as result of significant/retrospective geopolitical/regulatory changes;
    • Acquisition & integration of ENS (120MW gas fired CHP, incl. post acquisition recapitalisation) and Polish Energy Partners (listed onshore wind developer/operator) into Polenergia;
    • Origination and execution of EUR70m 16% investment of CEE Equity Partners into Polenergia via a secondary public offering;
    • Infrastructure financing of Polenergia Distribution investment plan (RAB based financing), followed by subsequent refinancing;
    • Debt financing/restructuring of 245MW onshore wind portfolio;
    • Cost restructuring resulting in 30% headcount reduction and EUR2.5m annual savings including renegotiation of O&M agreements;
    • Oversight/structuring of life extension/performance improvement options for onshore fleet and impact on value growth & potential refinancing potential;
    • Origination of, and execution support in, 50% JV with Statoil (Equinor) for 1.2GW Offshore Wind portfolio;
    • Creation of bespoke diversification strategy including:
  • PV/Onshore Wind globally with specific special situation focus on Western Europe;
  • Origination & execution of first (and only to date) ‘Pre-Pack” distressed debt transaction in Polish onshore wind;
  • Origination & structuring of expansion into battery storage along with US Partner (Convergent Energy & Power)
  • New technologies in renewables.
  • Previously Oaktree Capital Management (distressed debt – Europe), Rothschild London (M&A – power & infrastructure) and PwC London (corporate finance – power & utilities);
  • Education: Chicago Booth MBA, Chartered Accountant ACA (ICEAW), LLB Law (King’ College London/Passau University);
  • Languages: Polish, English, German – fluent;
  • Spare time: family/children (married with 3 kids - 2 girls, 1 boy), skiing, downhill, football, tennis, WWII history.