Energy trading company Danske Commodities signed a balancing agreement with the 53 megawatts (MW) Lipno solar park, adding volume to its growing renewables portfolio in Poland.
The agreement becomes effective upon receiving by the Lipno project the generation license. Under the agreement, Danske Commodities will provide market access and balancing for Lipno solar park, which is developed and operated by Wento, a Polish market leader in onshore renewables, 100 per cent owned by Equinor. Once operational, Lipno will have an installed capacity of 53 MW.
“We are proud to announce our new balancing agreement in Poland’s growing renewables market,” said Piotr Rzeczko, Danske Commodities’ energy originator in Poland. “With almost 15 years of experience in trading power in the Polish market, we will use our trading expertise to support energy producers with balancing and route-to-market services.”
The balancing agreement for Lipno marks Danske Commodities’ third solar park in Poland owned by Equinor. In 2022, Danske Commodities entered the Polish renewables market with a balancing agreement for the 57.5 MW solar park Stępień and last year, Danske Commodities signed its second balancing agreement in Poland for the 60 MW solar park Zagórzyca.
Equinor aims to be a reliable energy partner for Poland and support its energy transition by building a broad energy offering in the country, including onshore and offshore renewables.
“Danske Commodities plays an important part in commercialising the power from Equinor’s projects and supporting the strategic ambitions in the region,” added Mr Rzeczko. “With the build-out of renewables in Poland, Danske Commodities is ready to support Equinor and third-party energy producers with balancing and trading to help ensure that the projects are commercially viable and continue to be so.”