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Poland: Qair signs one of the largest cPPA contracts on the RES market

Wrocław – March 21, 2023 Independent renewable energy producer Qair announces the signing of a power sales contract with a multinational corporation holding manufacturing facilities in Poland and employing nearly 10,000 people.

The physical Power Purchase Agreement (PPA) will provide for the supply of energy from a recently commissioned wind farm and a photovoltaic power station, the construction of which . The size of the contract has been adjusted to the industrial’s requirements and is one of the largest corporate PPAs on the RES market in Poland. Qair will deliver 2 TWh of green energy over the course of the contract.

– At Qair we understand that energy security for companies has never been more important than it is at the moment. We are pursuing our strategic objectives:  we have started 2022 with a mission to support businesses in their quest for energy independence and energy price stability. Large entities are our target group: industry leaders with products and services used by millions of people in Poland. This is how we can indirectly mitigate the effects of inflation. The share of cPPA energy sales from our portfolio will dynamically increase in the following years. We are negotiating further contracts with leading brands that will increase our cPPA portfolio to over 5TWh. – says Krzysztof Wojtysiak, CEO at Qair Polska.

The wind farms from which the contracted energy will be sourced have reached operational status and have been granted a license to generate electricity in 2022. This will be Qair’s first project to be implemented on a commercial basis outside the auction system in Poland.

About Qair in Poland

Qair Polska has been operating on the Polish market since 2015. Qair Polska currently employs over 80 specialists, has a portfolio of wind and photovoltaic assets including: 308 MW of fully operational projects, 195.5 MW in the implementation phase and over 2.5 GW in the early stage of development. Qair Polska also participates in the process of obtaining location permits for offshore wind farms in the Baltic Sea. Qair Polska focuses on its own projects, partners with external companies, and acquires projects at various stages of development.

About Qair

Qair is an independent renewable energy company developing, financing, building, and operating solar, onshore and offshore wind, hydroelectric, tidal energy, energy from waste, renewable hydrogen production and storage projects.

With more than 1 GW of capacity in operation, the group’s 600 employees are developing a portfolio pipeline of 30 GW in 20 countries across Europe, Latin America and Africa. Our ambition is to become an independent leader in responsible energy.

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