Statkraft Expands Solar Partnership with Better Energy in Poland

• Statkraft and Better Energy strengthen their green alliance with a 64 GWh solar power deal in Poland, boosting renewable energy efforts across Europe.

Statkraft, a Norwegian state-owned utility, has secured an annual supply of 64 GWh of solar power from two new solar farms in Poland. These facilities are owned by Better Energy, a Danish renewable energy company.

This agreement expands on the partnership between Statkraft and Better Energy, which began in 2021, highlighting ongoing collaboration in renewable energy initiatives.

How Does Statkraft's New Agreement with Better Energy Impact Renewable Energy in Poland?

• Increased Renewable Energy Capacity: The agreement contributes to Poland's renewable energy capacity by adding 64 GWh of solar power annually, supporting the country's transition to cleaner energy sources.
• Reduction in Carbon Emissions: By utilizing solar power, the agreement helps reduce carbon emissions, aligning with Poland's and the EU's climate goals to decrease reliance on fossil fuels.
• Economic Growth and Job Creation: The development and operation of new solar farms can stimulate local economies by creating jobs in construction, maintenance, and operations within the renewable energy sector.
• Energy Security and Independence: By increasing domestic renewable energy production, Poland can enhance its energy security and reduce dependence on imported fossil fuels, contributing to greater energy independence.
• Strengthening EU Renewable Targets: The agreement supports the European Union's renewable energy targets by increasing the share of renewables in the energy mix, helping Poland meet its national commitments.
• Technological Advancement and Innovation: The collaboration between Statkraft and Better Energy may lead to technological advancements and innovations in solar energy, potentially improving efficiency and reducing costs.
• Long-term Strategic Partnership: The ongoing partnership between Statkraft and Better Energy signifies a long-term commitment to renewable energy development, potentially leading to further projects and collaborations in the future.
• Positive Market Signal: This agreement sends a positive signal to the market, encouraging further investments in renewable energy projects in Poland and potentially attracting other international players to the region.