A 10-year power purchase agreement (PPA) for a 36MW solar park in Poland has been reached between Statkraft and renewable energy developer Better Energy.
According to Statkraft, the project will begin commercial operations in 2023 and will be Poland’s first subsidy-free utility-scale solar PPA.
The solar farm will be constructed at Resko, Poland, in the western portion of the country.
“Few things are more vital in our collective fight against climate change than introducing new inexpensive and renewable energy to the power system, which is exactly what Statkraft makes possible with this arrangement,” Better Energy CEO Rasmus Lildholdt Kjr remarked.
“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.”
Pieter Schipper Statkraft origination vice president said “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, a private energy company, has already constructed many subsidy-free solar parks in Denmark. The company’s third solar farm in Poland will be erected at Resko.
In numerous countries, Statkraft offers renewable generators bankable PPA offtake agreements. Since 2018, the Norwegian state-owned corporation has been operating in Poland.
