March.09.2020
Orrick is pleased to announce that it has recently advised Commercial Metals Company Poland (CMC Poland) on the completion of a 10-year financial (synthetic) power purchase agreement with Statkraft, Europe’s largest generator of renewable energy. The PPA fixes the price for 20 percent of CMC Poland’s power, starting in 2021. CMC Poland, a wholly owned subsidiary of the global steel market leader Commercial Metals Company, is one of the largest electricity consumers in Poland. The PPA is one of the first of its kind to be entered into in Poland.
The Orrick London E&I team was led by Edward Humphries and worked closely with Dominik Strzałkowski of the Warsaw based law firm, SSW Pragmatic Solutions.