Axpo announces the signing of a long-term power purchase agreement with CEZ‘s Fântânele-Cogealac-Gradina wind farm, part of Macquarie Asset Management ‘s energy portfolio in Romania.
Axpo signs PPA for Europe’s largest onshore wind farm
The 7-year agreement with the CEZ onshore wind farm is the company’s largest in the region to date, covering more than 4 terawatt-hours (TWh) of electricity generation.
Axpo will cover around 50% of CEZ’s combined installed capacity of 600 MW from three wind farms owned and managed by a Macquarie Asset Management long-term infrastructure fund.
The plants are located in Dobrogea, near the Black Sea.
“This country has great potential for renewable energies in general and wind power in particular. The PPA is an important milestone, both for the Romanian energy market and for Axpo’s activities in the country. Thanks to our long experience of PPAs in many European markets, we are well placed to play a key role in Romania’s energy transition,” adds Radu Rat, Managing Director of Axpo Energy Romania.
Axpo is Switzerland’s largest producer of renewable energy and an international leader in energy trading and the marketing ofsolar and windpower.
Its 5,000 employees combine experience and expertise with a passion for innovation.
Axpo develops innovative energy solutions based on state-of-the-art technologies for its customers in 40 countries in Europe, North America and Asia.
