Power Purchase Agreement (PPA) between Macquarie’s Green Investment Group (GIG) and Air Products has been facilitated by Axpo Polska through a nine-year route-to-market and balancing services agreement for the Ścieki wind farm. Thus, Axpo further strengthened its position in the Polish energy market.
The deal is the latest in a long-standing cooperation between Axpo and GIG across various European countries. Between 2022 and 2030, Axpo’s Polish subsidiary will provide route-to-market and balancing services for the entire output of the 22 MW Ścieki wind farm. The new contract includes price hedging of a significant proportion of the Polish green certificates generated by the plant, as well as short-term power hedges.
The wind farm is located close to the village of Ścieki, approximately 75 km south-west of Warsaw in central Poland. It consists of 11 Vestas V90 2 MW wind turbines and has been operating for more than eight years. The project helps offset an average of 39,000 tonnes of CO2 a year.
Grzegorz Bilinski, Managing Director Axpo Polska, commented: “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 power purchase agreement (VPPA) signed earlier this year between Ścieki onshore wind farm, owned by GIG, and Air Products, a world-leading industrial gases company and also a client of Axpo Polska.
Axpo has been present in the Polish market for 20 years. Clients in Poland benefit from tailor-made PPAs, as well as power and gas supply solutions based on structured long-term contracts. In the past eight years, Axpo has also expanded its client portfolio to small and medium-sized businesses (SMEs) and now provides services for 15,000 of these companies in the country.
More information about Axpo’s PPA business can be found on our website.