Domanski Zakrzewski Palinka | View firm profile
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DZP advised R.Power on the signing of a ten-year CPPA, covering more than 600 GWh of renewable energy, with the telecoms provider Orange Polska. From 1 July, the telecoms operator’s infrastructure will be powered by electricity from R.Power’s photovoltaic farms.
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DZP advised R.Power, a leading integrated independent solar power producer in Poland, on the conclusion of a ten-year corporate power purchase agreement (CPPA) with Orange Polska. From 1 July 2024, the telecoms operator’s infrastructure will be powered by electricity from R.Power’s photovoltaic farms.
The contract will provide Orange Polska with more than 600 GWh of green energy between 2024 and 2034, which will satisfy between eight and ten per cent of the company’s annual consumption. The contract is key to increasing access to green energy in Poland and accelerating the energy transition. Increasing energy sales through CPPAs is currently one of R.Power’s key priorities, while for Orange Poland, the multi-year supply of green energy is another step towards achieving its goal of zero carbon emissions by 2040.
“The contract will allow us to accelerate the implementation of our strategy to build our own generation sources both in Poland and other European markets, and increase the commercialisation of projects in our portfolio. We currently have 1.5 GW of projects with secured access to the grid and more than 18 GW of projects at earlier stages of development in both Poland and other European markets. R.Power’s strength is its stable capital, i.e. the Three Seas [Initiative Investment] Fund backing the Group. This allows us to make the greatest investments in photovoltaic sources across Europe safely and predictably,” said Przemek Pięta, R.Power CEO.
The client was advised by Rafał Hajduk, Partner from DZP’s Infrastructure and Energy Practice, head of the energy advisory team.