The project is owned by a partnership in which Econergy UK (a subsidiary 75.24 percent owned by Econergy Renewable Energy Ltd.) who holds 51 percent and The Phoenix Insurance Company Ltd. who holds the remaining 49 percent. The project is expected to reach full commercial operation within 30 days.
A Virtual Power Purchase Agreement (vPPA) was signed with Apple Inc., under which Apple will purchase approximately 75 percent of the project’s electricity output at a fixed price for 19 years from the start of commercial operation. The remaining 25 percent of energy generation will be sold on the wholesale market at prevailing prices.
Econergy UK has also received a Distribution System Operator (DSO) license from Poland’s Energy Regulatory Office (URE). The license now enables Econergy to have greater flexibility in developing and connecting future projects in Poland, utilising the Resko site’s network and infrastructure.
“We’re proud to mark another significant milestone with the grid connection of our Resko project in Poland” said Eyal Podhorzer, Co-Founder and CEO of Econergy Renewable Energy. “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. The DSO license 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.”
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