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Axpo inks 42-MW Polish wind PPA with GIG

Wind turbines in Poland. Author: Karolina Kabat.

October 23 (Renewables Now) - Swiss energy utility Axpo Holding AG has agreed to buy the entire electricity output of the 42-MW Kisielice wind park in Poland, it said on Tuesday.

Axpo Polska and Green Investment Group Ltd (GIG), the owner of the power plant, have signed a 10-year “route-to-market” power purchase agreement (PPA), which includes “price hedging of a significant proportion of the Polish green certificates generated by the project.”

Located in the northern province of Masurian Voivodeship, the Kisielice wind farm has been operational since 2014. Its 21 Enercon E82 turbines are generating enough electricity to supply 45,590 households per year. GIG, part of Australia's Macquarie Group Ltd (ASX:MQG), acquired the power plant in August from Impax New Energy Holdings Cooperatief WA, a subsidiary of a renewable energy fund NEF2.

This is the second offtake deal between GIG and Axpo after this summer they signed a PPA for the output of the 43-MW Hornamossen wind park in Sweden. 

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Browse all articles from Veselina Petrova

Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.

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