EDP Renováveis signs long-term agreement to sell green certificates in Poland
EDP Renováveis, S.A. (“EDPR”), through its subsidiary Relax Wind Park I SP. Z.O.O., has just entered into a 15-year agreement with ENERGA – OBRÓT SA (“Energa”) to sell the green certificates generated from its 120 MW Margonin wind farm in Poland. This agreement enables EDPR to secure an important part of its revenue line in Poland and will provide a higher cash flow visibility for the long-term.
“This is EDP Renováveis’s first wind farm in Poland and our first agreement with Energa and we applaud Energa for making a long-term commitment to support renewable energy projects in Poland,” said Joao Costeira, Chief Operating Officer of EDP Renováveis Europe. “EDP Renováveis values long term agreements with our customers and we look forward to working with Energa, one of the largest suppliers of electricity in Poland.”
“We are pleased that such renowned international investor has chosen our company as a solid and professional partner to establish a long-term cooperation. We estimate, that so called “green” property rights produced by this wind park shall amount to 250.000 MWh per year. ENERGA, as the biggest supplier of green energy, is going to develop its own ecological energy sources, but the company is open to the business cooperation with external contractors, for which the best example is the agreement with EDP Renováveis – underlines Arkadiusz Marat, President of the Board of Energa.”
Located in Margonin commune, Poland, the project is already producing clean, renewable energy.
About EDP Renovaveis
EDP Renovaveis (Euronext: EDPR), a global leader in the renewable energy sector that designs, develops, manages and operates power plants that generate electricity using renewable energy sources. With a sound development pipeline, first class assets and market-leading operating capacity, EDPR has undergone exceptional development in recent years. Energias de Portugal, S.A. (“EDP”), the majority shareholder of EDPR, is a vertically-integrated utility company, headquartered in Lisbon, Portugal. Through its various constituent businesses, EDP holds significant electricity and gas operations in Europe, Brazil and the United States.
About ENERGA OBRÓT SA
ENERGA – OBRÓT SA, the most ecological seller of energy in Poland, sells 18 TWh of energy to 2.8 million houses and 300,000 companies in north and central Poland. ENERGA SA, the parent company of ENERGA -OBRÓT SA and the leading company of ENERGA Group, is one of the top four power engineering groups in Poland, headquartered in Gdañsk Poland. The main areas of activity of the ENERGA Group are distribution, sale and production of energy. For more information, visit: www.energa.pl.