Solar Energy

CMS Advises Green Investment Group on Renewable Energy Sale to Danone Poland

Law firm CMS has provided legal counsel to Green Investment Group (GIG) on the sale of renewable energy to Danone's Polish subsidiary, marking a significant advancement in corporate sustainability initiatives.

GIG, a leading global investor in green energy projects, has entered into a long-term power purchase agreement (PPA) with Danone Poland. The deal will supply renewable energy from GIG's wind and solar farms to Danone's operations in Poland, helping the company meet its sustainability targets.

The CMS team, led by partner Marcin Bejm and supported by senior associate Marta Zaborska, advised GIG on all legal aspects of the transaction. "We are proud to support GIG in this landmark agreement, which aligns with both parties' goals of promoting renewable energy and reducing environmental impact," Bejm stated.

Danone, a global leader in food and beverage production, aims to achieve carbon neutrality across its entire value chain by 2050. The renewable energy sourced from GIG will significantly contribute to Danone Poland's efforts to lower its carbon footprint and enhance sustainability practices.

"This agreement with GIG is a critical step in our journey towards sustainability and energy independence," said Tomasz Mazurek, General Manager of Danone Poland. "By utilizing renewable energy, we are reinforcing our commitment to environmental stewardship and operational excellence."

GIG's renewable energy projects in Poland include wind and solar installations with a combined capacity of over 200 MW. The PPA with Danone Poland is expected to set a precedent for future collaborations between green energy providers and large industrial consumers in the region.

The successful negotiation and execution of this agreement highlight the growing importance of renewable energy in corporate strategies and the vital role of legal advisors in facilitating such transactions. CMS's expertise in energy law has been instrumental in bridging the gap between renewable energy producers and consumers, fostering a more sustainable future.

Source: CIRE.pl

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