Harmony Energy, a company specialising in renewable energy projects, has finalised the sale of its 200 MW, 400 MWh Battery Energy Storage System (BESS) to EDF Renewables Polska, a subsidiary of EDF Group. This sale marks a significant step in Harmony Energy’s strategy to expand its footprint in the Polish energy market. The project, which is one of the largest energy storage installations in Europe, will play a key role in stabilising Poland’s power grid, especially in the context of the country’s ongoing energy transition.
A large-scale storage project in Europe
The 200 MW / 400 MWh battery storage project is one of the largest in Europe. Located in Poland, the storage system will help balance the power supply by supporting the integration of renewable energies such as wind and solar, while addressing the gradual decline in coal usage in the country. This type of project is crucial for maintaining grid stability, as it allows for compensation of production fluctuations caused by intermittent energy sources.
A strategic sale for Harmony Energy
This transaction, in addition to marking a turning point for Harmony Energy, will enable the company to access funds to further develop its BESS project portfolio in Poland. The proceeds from the sale will be used to finance future initiatives, thereby consolidating its position in the Polish market. According to Michał Maćkowiak, Executive Director of Harmony Energy in Poland, the company plans to develop a larger renewable energy project portfolio in the country, seizing opportunities related to the ongoing energy transition.
The challenges of the Polish energy market
Poland’s energy market is undergoing a transition, marked by a decrease in coal dependence and an increased focus on integrating renewable energies. Battery energy storage is vital to ensure grid stability, particularly due to the intermittent nature of renewable energy production. The need for flexible solutions to manage these production fluctuations is growing, creating significant demand for large-scale energy storage projects, such as the one sold by Harmony Energy.
EDF Renewables Polska and the energy transition strategy
The acquisition of this project by EDF Renewables Polska aligns with the company’s strategy to strengthen its presence in the Polish energy market. As a major player in the sector, EDF Renewables Polska seeks to expand its investments in energy storage technologies, which are seen as a key lever to support the transition to a greener energy mix. The sale of this project also highlights the growth of the energy storage market in Europe, a strategic area for the region’s future energy landscape.
