2024-03-04
http://w3.windfair.net/wind-energy/pr/43409-statkraft-poland-ppa-cmc-renewable-energy-long-term-period-industry-business-model

News Release from Statkraft AS

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CMC Poland enhances strategic partnership with Statkraft - up to 400 GWh per year

Statkraft and Commercial Metal Company Poland (CMC) have enhanced their strategic partnership, with the signing of a second and third long-term power purchase agreement (PPA). Combined, these three PPAs secure the power price for volumes up to 400 GWh per year.

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In this second and third PPA with Statkraft, CMC Poland secures a long-term price for renewable electricity produced in the period 2025-2034. Statkraft provides the PPAs from its Polish renewable PPA portfolio. The delivery includes Guarantees of Origin for renewable energy in Poland. 

The financially settled PPAs are complementary to the existing contract that CMC has with its long-term exclusive physical supplier PGE Obrót S.A.  

“Statkraft is a long-time partner in the execution of the CMC Poland electricity procurement strategy and decarbonisation process. We teamed up three years ago, and with this second and third deal, we are setting new standards for the industry in Poland. With current volatility in the electricity market, having a reliable partner such as Europe’s largest renewable energy producer, is a solid foundation to ensure our ongoing competitiveness.  These PPAs provide us a lot of cost certainty for our energy-intensive business.” said Jerzy Kozicz, President of the Management Board of CMC Poland Sp. z o.o. 

“CMC is a front-runner in the Polish market by sourcing renewable power via long-term contracts at competitive rates. ?For Statkraft, this strategic partnership is a proof of trust in our team and business model. ?We strongly believe that long-term renewable PPAs can both support the competitiveness of the Polish industry as well as driving the energy transition in Poland,” said Pieter Schipper, VP NW European & US Origination.

Source:
Statkraft
Author:
Press Office
Link:
www.statkraft.com/...
Keywords:
Statkraft, Poland, PPA, CMC, renewable energy, long term, period, industry, business model



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