POLAND Trends and Developments Contributed by: Radomił Charzyński, Kamil Majewski, Olga Durawa and Filip Widuch, Greenberg Traurig LLP
been hampered by problems ranging from a lack of financial resources for municipalities to a shortage of specialists and unclear regulations. Nonetheless, the amendment provides for some facilitation in implementing RES during the tran - sition period and is generally viewed positively by the market. Notwithstanding the foregoing, 2023 brought some landmark RES investments, such as the commencement of the operation of a solar farm in Przykon with a capacity of 200 MW – the second largest investment of its kind in Poland, located on 270 hectares. After its planned exten - sion, it will be the largest solar farm in CEE. As the energy market in Poland is evolves and changes, Power Purchase Agreements (PPAs) – in particular, virtual Power Purchase Agree -
ments (vPPAs) – are gaining importance as a key instrument to support decarbonisation, ESG goals and the development of renewable energy. PPAs allow for the purchase of energy at predetermined prices, which is driven by the desire for price stability and the need to secure RES in Poland. They provide long-term price stability, facilitate the financing of new energy projects, and help companies meet their sustain - ability goals. PPAs promote renewable energy by enabling projects to be developed and financed externally, secured by revenues from long-term contracts, thereby contributing nationally and globally to the reduction of the carbon footprint and the energy transition of economies. In 2023, some landmark PPAs were signed with interna - tional corporations such as Orange and Monde - lez International, securing the energy supply for their operations.
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