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CMS advises R.Power Renewables on up to PLN 190m financing for a photovoltaic portfolio

Kancelaria CMS

  • Dodano 17 maja 2024
  • ·

International law firm CMS has advised R.Power Renewables on the up to PLN 190m financing by Powszechna Kasa Oszczędności Bank Polski S.A. for the construction of a photovoltaic portfolio with a total capacity of about 59 MWp.

 

R.Power is a leading independent solar power producer in Poland, expanding its operations into Romania, Italy, Portugal, Spain, and Germany. R.Power's activities encompass the entire solar energy sector value chain, including photovoltaic power plant development, construction (Engineering Procurement & Construction), power plant operation (Operations & Maintenance), and renewable energy production (Independent Power Producer).

 

PKO Bank Polski is one of the largest Polish banks and a joint stock company listed on the Warsaw Stock Exchange since 2004. One of the pillars of the bank's strategy for 2023-2025 is to support ESG transformation. In 2023, the bank financed PLN 2.2bn of sustainable and transformational projects, including RES projects.

 

CMS Poland's Banking and Finance team was responsible for, among others, negotiating the finance documents.

 

The CMS team was supervised by Jakub Wieczorek and included Konrad Leszko leading the project and Sebastian Łyś (Finance).

 

Additional information about CMS:
CMS is an international law firm that provides comprehensive legal and tax advisory services to businesses, financial institutions and administrative bodies. The firm has offices in more than 80 cities in more than 45 countries worldwide, where it employs over 5,000 lawyers. CMS is one of the largest and most experienced law firms in Poland, where it has operated for over 30 years. CMS’ offices in Warsaw and Poznań employ over 200 lawyers who advise clients operating in all economic sectors. For more information, please visit www.cms.law.

 

Press contact:
Justyna Burzyńska
Communication Executive
E: justyna.burzynska@cms-cmno.com
M: +48 539 094 598