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).

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  • CMS

    Founded in 1999, CMS is an integrated, multi-jurisdictional organisation of law firms that offers full-service legal and tax advice. With 81 offices in 45 countries across the world and more than 5,000 lawyers, CMS has long-standing expertise both in advising in its local jurisdictions and across borders. From major multinationals and mid-caps to enterprising start-ups, CMS provides the technical rigour, strategic excellence and long-term partnership to keep each client ahead in its chosen markets. The CMS member firms provide a wide range of expertise across 19 practice areas and sectors, including Corporate / M&A, Energy & Climate Change, Funds, Life Sciences & Healthcare, TMC, Tax, Banking & Finance, Commercial, Antitrust, Competition & Trade, Dispute Resolution, Employment & Pensions, Intellectual Property and Real Estate. For more information, please visit cms.law

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