CMS advises mBank S.A. on landmark financing of a 13-site rooftop PV portfolio for EPP
CMS has advised mBank S.A. on the partial financing of a portfolio of 13 photovoltaic (PV) installations developed by EPP on the rooftops of major shopping centres located across Poland. This transaction marks another significant milestone in the Polish renewable energy sector, supporting the integration of renewable energy solutions with commercial real estate and advancing market decarbonisation.
Innovative Project Finance for Distributed Solar Energy
The financing provided by mBank S.A. will enable the development of PV installations on the rooftops of major shopping centres located in Poland, namely Galaxy, Galeria Echo, Pasaż Grunwaldzki, King Cross Marcelin, Outlet Park, Galeria Amber, Galeria Sudecka, Galeria Olimpia, Galeria Veneda, Galeria Twierdza Zamość, Galeria Solna, Galeria Twierdza Kłodzko and Galeria Młociny. The project is structured as a project finance transaction, with a comprehensive security package and a legal framework tailored to the needs of both the lender and the sponsor.
The project supports the green transformation of the Polish commercial property sector and demonstrates the growing involvement of financial institutions in sustainable investments, supporting ESG strategies within the sector.
Comprehensive Legal Advisory by CMS
The CMS team supported mBank S.A. throughout the transaction, including preparing and negotiating the finance documentation and conducting legal due diligence.
The transaction was led by Karolina Bandzul-Król with valuable support from Katarzyna Kaptur and Michał Madej, with supervision by Michał Mężykowski (Finance). Project-related advice was provided by Wojciech Szopiński and Filip Żukowski (EPC).
