Axpo has signed two power purchase agreements (PPAs) with Energix Group, one of Israel’s largest renewable energy companies.
Under the agreement, Axpo Polska will buy the full output generated by two new wind farms currently under construction - the 81.4 MW Banie III wind farm, and the Sepopol wind farm with an expected capacity of 44 MW. These Energix-owned projects will become operational in 2022 and have received subsidies in recent renewables auctions.
For the Banie III and Sepopol wind farms, Axpo Polska offered a flexible PPA, where Energix may actively decide whether the power generated by the wind farms will be settled on a spot basis or hedged using forward products. This structure is suitable for wind farms operating under the previous support scheme (green certificates) in Poland, and also for auction projects.
