Polish wind developer EWG Taczalin and Respect Energy have signed a power purchase agreement (PPA) for clean energy produced by the 45MW Taczalin wind farm in Lower Silesia.
The eight-year PPA between EWG Taczalin and Respect Energy will take effect from the beginning of March 2024.
The 22-turbine site is managed by Uniplan and VSB Energie Odnawialne Polska.
According to market intelligence data from Pexapark, whose advisory team supported the transaction, this agreement represents the largest PPA signed with a utility offtaker in Poland over the past two years.
The country has seen 16 corporate or utility PPAs announced last year, indicating healthy demand for Polish renewable energy.
Respect Energy will receive 100GWh of green energy annually for its customers.
“For the wind farm, the long-term PPA means a high degree of stability in terms of future planning,” said managing director of Uniplan Management, asset manager of the Taczalin wind farm, Philipp Richter.
“We are very happy to have been able to work with Respect Energy as a reliable and competent partner who sells the green electricity to end consumers.”
PPA Transactions – Regional Lead CWE at Pexapark Ann Cocquyt added: “Long-term PPAs continue to offer Polish sellers and offtakers an attractive hedge in a volatile energy market, and a means of extracting maximum value from the installed wind energy asset base.
“We’d like to congratulate EWG Taczalin for locking in a stable revenue stream for the years to come.”