Statkraft and renewables developer Better Energy have concluded a 10-year power purchase agreement (PPA) for a 36MW solar park in Poland.
The project is slated to start commercial operation in 2023 and the deal marks the first subsidy-free utility-scale solar PPA in Poland, Statkraft said.
The solar farm will be built in Resko in the western part of Poland.
Better Energy chief executive Rasmus Lildholdt Kjær (pictured) said: “Few things are more important in our common fight against climate change than adding new affordable and renewable energy to the electricity grid, which is exactly what Statkraft makes possible through this deal.
“It is also wise for energy consumers to demand additional renewable energy through a fixed-price power purchase agreement that serves as a hedge against higher energy prices.”
Statkraft origination vice president Pieter Schipper added: “We see ourselves as a long-term partner for developers of renewable assets such as Better Energy.
“A Statkraft PPA ensures long-term price stability and thus supports the financing of subsidy-free renewable energy.
“I am proud that our long-term agreements support the development of new renewable assets and I’m convinced the future will see more of these deals.”
Better Energy, an independent power producer, has already built several subsidy-free solar parks in Denmark.
The solar farm in Resko is the third the company will have built in Poland.
Statkraft provides bankable PPA offtake agreements to renewable generators in many countries.
In Poland, the Norwegian state-owned company has been active since 2018.