Axpo inks PPA with R.Power for almost 300 MWp of Polish solar

Source: R.Power

January 19 (Renewables Now) - Swiss renewables company and energy trader Axpo Holding AG said on Wednesday that it has signed a power purchase agreement (PPA) to off-take close to 300 MWp of solar energy in Poland.

It said it would buy the full output generated by solar farms owned by Polish developer R.Power Group.

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The PPA-backed plants are currently under construction throughout Poland, and will be switched on gradually by mid-2023. Their installed capacity will range from 0.3 MWp to 30 MWp.

Axpo’s Warsaw-based unit Axpo Polska is procuring the solar farms’ output produced between 2022 and 2026, and will act as the balancing agent for the project portfolio, the Swiss group said. Polish firm Nomad Electric Services will be in charge of the operation and maintenance of the plants.

“The agreement signed between Axpo and R.Power Group is one of the largest solar PPAs ever concluded in the Polish energy market, and demonstrates that Axpo intends to take a leading position marketing solar energy in Poland,” commented Pawel Wierzbicki, head of origination and board member at Axpo Polska.

“We will continue to cooperate with R.Power Group on other solar projects that will also accelerate the Polish energy transition,” Wierzbicki added.

Axpo Polska has mostly been focused on marketing wind energy, with its off-take portfolio reaching close to 1.5 GW of installed capacity, according to the group.

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