H&M Inks Solar Energy Deal to Power Polish Operations
Deal News | Feb 18, 2025 | CEE Legal Matters
DLA Piper has advised the H&M Group on entering a long-term corporate power purchase agreement with R.Power to acquire 50 gigawatt-hours of solar-generated electricity annually, a significant step in H&M's sustainability agenda. The agreement aids H&M's commitment to lower its absolute scope 1, 2, and 3 emissions by 56% by 2030 and to solely use renewable electricity by the same year. The DLA Piper team was led by Warsaw-based Partner Oskar Waluskiewicz and Counsel Monika Leszko, with input from additional lawyers in London and Leeds. Despite requests, DLA Piper did not provide further comments on the deal.
Sectors
- Renewable Energy
- Fashion Retail
- Legal Services
Geography
- Poland – The power purchase agreement is for solar-generated electricity within Poland.
Industry
- Renewable Energy – The article discusses a corporate power purchase agreement for solar-generated electricity, highlighting the renewable energy industry.
- Fashion Retail – H&M, a major player in the fashion retail industry, is the primary company involved in the power purchase agreement.
- Legal Services – DLA Piper, a law firm, advised on the agreement, representing the legal services industry.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| H&M Group | Target | Company | H&M is a global retail company focusing on fashion and is engaged in the solar power deal for its operations in Poland. |
| R.Power | Energy Supplier | Company | R.Power is the supplier in the power agreement, providing solar-generated electricity to H&M. |
| DLA Piper | Legal Advisor | Company | DLA Piper advised H&M on the power purchase agreement with R.Power. |
| Oskar Waluskiewicz | Partner | Person | Warsaw-based partner at DLA Piper leading the team for this transaction. |
| Monika Leszko | Counsel | Person | Counsel at DLA Piper involved in the agreement from the Warsaw office. |