CMS advises mBank on financing of the PROFBUD wind farm

International law firm CMS has advised mBank S.A. on a loan to Green On Energy, a company from the PROFBUD group, which was granted to finance a wind farm in central Poland. Green energy will primarily be supplied to flats and offices built by PROFBUD.

The wind farm, located in the Radom district, will provide electricity for nearly 16,000 four-person households or 28,000 two-person households. The energy produced will significantly reduce the operating costs of the buildings, while also producing far lower amounts of CO2.

As part of its long-term environmental strategy, PROFBUD is planning further investments, including the construction of a photovoltaic installation and a warehouse for electricity produced from RES.

The work of the Banking and Finance practice, which was led by Sebastian Łyś (associate) with support from Bartosz Potrykus (lawyer), was supervised by partner Jakub Wieczorek.