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CMS and Dentons Advise on Saint-Gobain’s PPA with Tion Renewables

CMS and Dentons Advise on Saint-Gobain’s PPA with Tion Renewables

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CMS has advised the Saint-Gobain Group on the conclusion of a 15-year virtual power purchase agreement for the acquisition of renewable energy from Tion Renewables' onshore wind farms in Poland. Dentons advised Tion Renewables.

Accordion to CMS, "the total installed capacity of the wind farms is approximately 52 megawatts, with a projected production of approximately 190 gigawatt-hours a year, which is the equivalent of the electricity consumption of around 100,000 households in Poland."

"Under the terms of the contract, 100% of the electricity produced by Tion’s wind farms will be sold on the market and virtually settled with the purchaser at a guaranteed fixed per-megawatt-hour price, including annual step-ups of 2.5% consistent with the Polish Central Bank’s long-term inflation target," Dentons informed. "The contract will commence in January 2025."

The Saint-Gobain Group is a construction materials manufacturer. Tion Renewables is a German company that operates a portfolio of wind and photovoltaic power plants across Europe.

The CMS team was led by Senior Associate Piotr Prawda and Associate Kacper Stanosz.

The Dentons team included Partner Agnieszka Kulinska and Counsel Michal Motylewski.

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Dentons is the world's largest law firm, connecting talent to the world's challenges and opportunities in more than 75 countries. Dentons' legal and business solutions benefit from deep roots in our communities and award-winning advancements in client service, including Nextlaw, Dentons’ innovation and strategic advisory services. Dentons' polycentric and purpose-driven approach, commitment to inclusion and diversity, and world-class talent challenge the status quo to advance client and community interests in the New Dynamic.

Dentons is one of the leading law firms in CEE/CIS, with offices in Warsaw, Prague, Budapest, Moscow, Bucharest, Bratislava, Kyiv, Baku, Almaty, Astana, Tbilisi and Tashkent. With a legacy of supporting local and international clients in Central and Eastern Europe since the early 1990s, we have the experience and market insight to help clients close deals, resolve disputes and do business in the key markets across the region.

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