Axpo has signed nine year off-take Power Purchase Agreement for Green Investment Group’s 22MW Ścieki wind farm in Poland.
The energy company’s Polish subsidiary will provide route to-market and balancing services for the entire output of the wind farm between 2022 and 2030.
The contract includes price hedging of a significant proportion of the Polish green certificates generated by the plant, as well as short-term power hedges, Axpo said.
The wind farm is located close to the village of Ścieki, approximately 75km south-west of Warsaw in central Poland.
It consists of 11 Vestas V90 2MW wind turbines and has been operating for more than eight years, offsetting an average of 39,000 tonnes of carbon dioxide each year.
Axpo Polska managing director Grzegorz Bilinski said: “We see a lot of interest from investors and producers of green energy in Poland in finding suitable buyers for their green electricity.
“So we are pleased that our long-standing client Green Investment Group decided to work with us again within the structure of a power purchase agreement here in Poland.
“As supporters of state-of-the-art and environmentally friendly energy solutions, we are also pleased to play our part in this cooperation by receiving energy from GIG’s wind farm.
“Whenever a good and green solution is needed, we’re ready to make it happen.”
The deal also supports the facilitation of a separate virtual PPA signed earlier this year between Ścieki onshore wind farm, owned by GIG, and Air Products.
Axpo said that in the past eight years, it has expanded its client portfolio to small and medium-sized businesses and now provides services for 15,000 of these companies in the country.