Axpo signs largest PPA in eastern Europe

Wind Industry Profile of

Axpo’s leading position in the Eastern European energy services market has been reinforced by the signing of a long-term power purchase agreement (PPA) with CEZ’s Fântânele-Cogealac-Gradina wind farm, part of Macquarie Asset Management’s energy portfolio in Romania.

The 7-year deal with CEZ’s onshore wind farm is Axpo’s largest in the region to date and covers more than 4 terawatt hours (TWh) of electricity production. Axpo will hedge approximately 50 per cent of CEZ’s combined installed capacity of 600 megawatts (MW) from the three wind farms owned and managed by a Macquarie Asset Management long-term infrastructure fund. The plants are located in Dobrogea, close to the Black Sea. Domenico Franceschino, Head Origination Western & Eastern Europe... ... More: Official Press Release Axpo

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