Poland’s largest convenience store chain, Zabka Polska sp zoo, has signed a virtual power purchase agreement (PPA) for green energy with renewable energy investor Modus Asset Management.
The agreed electricity will be supplied by several solar power plants with a total capacity of 65 MW over 10 years. The Zabka store chain will receive 50 GWh of electricity per year, representing over 9% of its annual electricity consumption. The chain aims to reduce its Scope 1 and 2 greenhouse gas emissions by 25% and its carbon intensity by 70% by the end of 2026.
For Modus Asset Management, this is the first PPA in Poland, and the company’s CEO, Povilas Peciulis, expects growth in the country’s PPAs market and the RES investor is therefore increasing its renewable portfolio in Poland and the Baltic States.
Read more at renewablesnow.com