Respect Energy and Green Genius have entered into a power purchase agreement for 41 MW, this is their second since October 2022.
The PPA covers 16MW over a five-year span, the remaining 25MW is for a ten-year period.
Green Genius will deliver 18GWh of green electricity each year in accordance with the five-year 16MW contract. Respect Energy will earn an additional 29GWh per year thanks to the 10-year 25MW agreement.
Throughout the course of the PPA, it will save about 290,000t of CO2.
The deal will go into effect on April 1st, 2024.
Povilas-Emilis Cesna, Head of Trading and Origination at Green Genius, said “Long-term PPAs play a crucial role in managing future markets and their risks. Moreover, we foresee that sustainability and stability in the European markets are directly related. Therefore, we are delighted to have reached a significant milestone in developing renewables across borders.”
“These where the last PPAs in our 2023 portfolio and now we are entering construction phase in Poland. Additionally, Green Genius is working on further land acquisition for the future projects in Poland.”
Chairman of the Board of Respect Energy Holding, Sebastian Jablonski, added “We are delighted that another PPA agreement signed with Green Genius in the recent months will not only strengthen the cooperation between our companies but – most importantly – will ensure stable energy delivery to our customers.”
“With the limited green energy supply and the current market instability, PPA agreements are one of the cornerstones of the future green and zero-carbon economy.”
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