International law firm CMS has advised Żabka Polska on three contracts for the virtual purchase (settlement) of electricity generated from renewable sources directly from the generator, or corporate Virtual Power Purchase Agreements (VPPAs). The first contract is a long-term agreement with companies managed by Modus Asset Management, under which the generator will supply green electricity generated by a group of photovoltaic power plants with a total capacity of over 65 MW. Two further agreements with Qair group companies cover the virtual supply (settlement) of green electricity generated by an onshore wind farm and by a photovoltaic power plant. The contract provides for the supply of nearly 1.7 TWh of energy by 2038.
The CMS team advised Żabka Polska on the preparation, negotiation, and conclusion of all three VPPAs. The agreements are a further step towards the fulfilment of the Żabka Group’s decarbonisation plan to improve energy efficiency in the Żabka network and further reduce scope three emissions in its franchise stores.
The CMS team was led by lawyers from the CMS’s Energy and Infrastructure practice: Michał Andruszkiewicz (partner and head of the firm’s Poznań office), and Łukasz Szatkowski (partner), with support from Adam Kędziora (senior associate) and Kacper Stanosz (senior associate) working directly on the agreements.
CMS is one of the most experienced law firms in the RES market in Poland, including in M&A transactions, and supports clients from the development process through to providing regulatory advice. CMS lawyers have also advised on the negotiation and conclusion of some of the first corporate PPAs in Poland, acting for both power offtakers and generators. They also advise on offshore projects in the Baltic Sea, including the construction of offshore gas pipelines, drilling platforms, and wind farms.
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 78 offices in 43 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 Poznan employ over 200 lawyers who advise clients operating in all economic sectors.
