Brief: Polenergia's SPVs Sign PPA Agreement With Danske Commodities

Polenergia SA

25/11/2024 06:30

Nov 25 (Reuters) - Polenergia SA  PEPP.WA :
    * THE COMPANY SAID ON SATURDAY, IT ITS SPVS MFW BALTYK II,
MFW
BALTYK III HAD SIGNED POWER PURCHASE AGREEMENTS (PPAs) WITH
DANSKE COMMODITIES
    * THE SUBJECT OF THE DEAL WAS THE SALE OF ENTIRETY OF
ELECTRIC
POWER VOLUME PRODUCED IN PROJECTS, CONSISTING OF TWO OFF-SHORE
WIND FARMS THAT ARE CURRENTLY DEVELOPED BY SPVS 
    * UNDER THE PPAs THE SALE WILL COMMENCE AFTER THE
ACQUISITION OF
CONCESSION FOR THE FIRST PHASE OF EACH PROJECT
    * ADDITIONALLY PPAs COVER COMMERCIAL BALANCING SERVICE WITH
DANSKE
COMMODITIES DESIGNED AS SUPPLIER OF THESE SERVICES
    * THE ENFORCEMENT OF PPA IS SUBJECT TO CONDITION PRECEDENT
IN FORM
OF DECISION BY THE COMPANY AND EQUINOR WIND POWER TO GO THROUGH
WITH INVESTMENT WITHIN 18 MONTHS OF THE DEAL CONCLUSION THAT IS
PLANNED FOR Q1, 2025

        
 Source text for Workspace:  urn:newsml:reuters.com:*:nEM96tyY6a
 Further company coverage:  PEPP.WA  

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))