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Poland

Econergy confirms Apple as counterpart to its first vPPA in Poland

European Independent Power Producer (IPP) Econergy Renewable Energy has announced that Apple is the counterparty to the long-term virtual Power Purchase Agreement (vPPA) signed in 2024 for Econergy’s 52 MW Resko solar PV project in Poland.
Resko Project. Courtesy of Econergy.
Resko Project. Courtesy of Econergy.

Econergy entered its first vPPA covering 75 percent of the plant’s generation for a 19-year term under a vPPA structure.

This new announcement confirms that Apple is the offtaker in this transaction.

The Resko agreement has already been a cornerstone for the project’s financing, enabling Econergy to secure 33 million euros in senior debt with PKO BP, one of Central and Eastern Europe’s largest financial institutions.

The plant is scheduled to be connected to the grid by the end of 2025 and is expected to generate enough renewable electricity to power approximately 27,000 households annually and avoid nearly 9,000 tons of CO₂ emissions per year.

The agreement contributes to Poland’s target of generating 50 percent of its electricity from renewable sources by 2030.

“We are proud to confirm Apple as our partner in this significant transaction and thank the company for the trust they have placed in us” said Eyal Podhorzer, CEO of Econergy. “The choice of one of the world’s largest, most influential companies to work with Econergy is a strong validation of the quality of our projects and the strength of our growth strategy. This collaboration highlights our ability to deliver financially viable, high-impact projects across Europe.”

The Resko project is Econergy’s first solar PV plant in Poland and part of a broader pipeline of 31 projects in the country, totalling approx. 2.5 GW of solar PV and energy storage. The facility uses advanced 1-axis tracker technology to maximise production during critical hours of the day.

For additional information:

Econergy Renewable Energy

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