European Independent Power Producer (IPP) Econergy Renewable Energy Ltd. has successfully connected its 52MW Resko solar project in Poland to the national electricity grid.
The facility is expected to reach full commercial operation within the next 30 days.
The project is owned by a partnership in which Econergy UK, a subsidiary 75.24% owned by Econergy Renewable Energy Ltd., holds a 51% stake, with The Phoenix Insurance Company Ltd. holding the remaining 49%.
The long-term commercial operations are underpinned by a Virtual Power Purchase Agreement (vPPA) signed with Apple Inc. Under this agreement, the technology firm will purchase approximately 75% of the project’s electricity output at a fixed price for 19 years from the start of commercial operation.
The remaining 25% of energy generation will be sold on the wholesale market at prevailing prices.
Commenting on the milestone, Eyal Podhorzer, Co-Founder and CEO of Econergy Renewable Energy, said: “The long-term vPPA with Apple, a global leader in technology and innovation, is a testament to the quality of our assets and the strength of our commercial strategy.”
In a further strategic development, Econergy UK confirmed it has received a Distribution System Operator (DSO) licence from Poland’s Energy Regulatory Office (URE). This licence grants the company greater flexibility in developing and connecting future projects across Poland by enabling the utilisation of the Resko site’s network and infrastructure.
Podhorzer concluded that the new licence “further enhances our ability to expand and operate efficiently across Poland, and we remain committed to executing our growth plans with the same momentum into 2026 and beyond.”
[Image caption: The Resko solar project. Image credit: Econergy]
