News Release from Axpo Deutschland GmbH

Wind Industry Profile of

Axpo Deutschland GmbH

10/23/2019

Axpo concludes ten-year power purchase agreement for a wind farm in Poland

Axpo is expanding its business with Power Purchase Agreements (PPAs) in Eastern Europe: The subsidiary Axpo Polska will manage the physical power generated by a 42 MW wind farm in Kisielice, Poland, for a period of at least ten years. The corresponding route-to-market PPA with the owner of the wind farm, the Green Investment Group (GIG), also includes price hedging of a significant proportion of the Polish green certificates generated by the project.

Image: Pixabay

Axpo and GIG are further expanding their cooperation: While the subsidiary Axpo Nordic concluded a PPA for the Swedish wind farm Hornamossen with the leading renewables investor back in June 2019, their colleagues from Axpo Polska are now also working together with GIG. The transaction underpins Axpo’s role as a leading offtaker of energy from renewable sources in Poland, with the current portfolio comprising over 1 GW of installed capacity.

GIG announced the purchase of the wind farm in the north of Poland in August. The wind farm consists of 21 turbines and will generate on average enough renewable electricity to power more than 45.000 homes per year.

Edward Northam, Head of GIG Europe, said: “As we pursue our mission to accelerate the transition to a greener global economy, it’s essential that GIG continues to seek out opportunities in new and growing markets, like Poland. Axpo played an important role in enabling us to complete this acquisition, our first in the country, and we look forward to working with them again in the future.”

Grzegorz Bili?ski, Managing Director Axpo Polska, said: “With this PPA we are further expanding our position in the Polish market. Our know-how and services make a decisive contribution to supporting our customers in realizing their projects, which enables the rapid expansion of renewable energies in Poland”.

Poland, which to date has been strongly dominated by coal-fired power plants, has ambitious targets and wants to ensure that more than 20 percent of gross final energy consumed will come from renewable energy sources by 2030. Projects in the field of wind onshore are a particular focus.

Axpo has been present in the Polish market for 18 years now and has become one of the largest independent offtakers of renewable energy. In Poland, clients can benefit from tailor-made PPA, and power supply solutions based on structured long term contracts, power balancing and forecasting, as well as property rights and guarantees of origin trading. Within the past 5 years, Axpo has also expanded its client portfolio in the SME business, reaching as many as 15.000 companies.