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CMS and A&O Advise on Polish Renewable Energy Corporate Power Purchase Agreement

CMS and A&O Advise on Polish Renewable Energy Corporate Power Purchase Agreement

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CMS has advised Signify, a Euronext-listed company, on the purchase of renewable energy for its operations in Poland from Green Investment Group’s Kisielice onshore wind farm. Allen & Overy advised GIG on the deal.

The transaction took the form of a virtual corporate Power Purchase Agreement. VPPAs are agreements for the virtual purchase of electricity generated from renewable sources directly from the generator.  Signify's VPPA is one of the first agreements of this type executed in Poland, and its first VPPA in Europe.

The Kisielice wind farm is a 42-megawatt project located 200 kilometers north of Warsaw that GIG acquired in August. Operating since 2014, it consists of 21 Enercon E82 turbines. The wind power sourced under the VPPA will be used to power four of Signify’s factories and several offices throughout Poland. According to Signify’s press 

The CMS team was led by Warsaw-based Partner Piotr Ciolkowski and London-based Partner Munir Hassan and included Warsaw-based Associate Piotr Prawda and London-based Associate Dalia Majumder-Russell.

The Allen & Overy team included Partner Dan Cocker and Senior Associate Maciej Dymnicki. 

CMS at a Glance

CMS Sofia is a full-service law firm, the largest international law firm in Bulgaria and one of the largest providers of legal services in the local market as a whole. The breadth and depth of our practice means that our lawyers are specialised, with a level of specialisation that few of our competitors can match.

CMS Sofia is the Bulgarian branch of CMS, a top ten global legal and tax services provider with over 5000 lawyers in 43 countries and 78 offices across the world.

CMS entered the Bulgarian market as one of the first internationally active law firms in 2005 and is now among the most respected legal advisors in the country. We have 7 partners, 4 counsel and over 30 lawyers in our office in Sofia.

Our legal experts, who are rooted in Bulgaria’s local culture, can also draw on years of experience in foreign countries and are at home in several legal systems at once. We know the particularities of the local market just as well as the needs of our clients and combine both to achieve optimum solutions. Our lawyers are Bulgarian qualified and we also have English qualified experts – all of them regularly working on cross-border mandates.

In our work, we focus on M&A, Energy, Projects and Construction, Banking and Finance, Real Estate, Media, IP and IT law, Tax, Employment law, Competition, Procurement and any kind of Dispute resolution, including arbitration and mediation. What’s more, we also take care of the entire legal management of our clients’ projects.

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