Better Energy has signed a power purchase agreement (PPA) with Danish chocolate and confectionery company Tom’s Group for a 20MW solar farm in Poland. The project will generate approximately 20 gigawatt hours (GWh) a year with Toms having signed on to receive 1GWh annually, which is equivalent to 15% of power consumption at its factory in Nowa Sol in Poland. It is expected to be operational in the fourth quarter of this year and will be delivered without government subsidies. The partnership between Better Energy and Toms Group builds upon an existing Danish PPA between the parties, signed in 2022. The agreement is also one of the first Polish examples of a direct corporate PPA between a company and a power producer, with most solar PPAs in Poland using energy traders or others as middlemen, both companies said.
Better Energy executive vice president of power solutions Peter Munck Søe-Jens said: “Few things are more important in our common fight against climate change and the energy crisis, than adding new affordable and renewable energy to the electricity grid. “This is exactly what Toms Group contributes to with the agreement. “In a volatile energy market, this PPA also signals a new era, where companies in Poland can demand additional renewable energy through a fixed-price power purchase agreement that serves as a hedge against higher energy prices.” Toms Group chief executive officer Annette Zeipel said: “We’re delighted with this expansion of our partnership with Better Energy, which will contribute to faster scaling of the green transition in a country that still relies heavily on energy from fossil fuels.”
Credits: renews.biz [Image: Better Energy]