Displaying items by tag: BayRa

Poland: HeildelbergCement subsidiary Górażdże Group has signed a 10-year corporate Power Purchase Agreement (PPA) with BayRa to buy electricity from the forthcoming Witnica solar power plant. The project is the first subsidy-free PPA-backed large-scale solar park in Poland. Due for completion in the first half of 2021, the solar park will be the largest in Poland, with a capacity of 64.6MWp.

“Here is the ultimate proof that photovoltaic power can – without any subsidies - be competitive to conventional energies, even in a European country further north, which still generates 80% of its electricity from coal,” said Benedikt Ortmann, Global Director of Solar Projects at BayWa. Andrea Grotzke, Global Director of Energy Solutions at BayWa added, “This PPA serves as an economic structure for a fixed price hedge against rising electricity costs. Securing energy from solar not only reduces a company’s CO₂ footprint. We are convinced that it also results in significant savings on the corporate energy bill.” BayWa has set the goal of constructing solar and wind projects in Poland with a total installed capacity of more than 1GW by the mid-2020s.