Hekla Energy and PAD RES Group Sign PPA Agreement for Energy Offtake from the PV Sztum Solar Farm
As the number of negative prices on the energy market continues to rise, so does the number of PPAs that incorporate mechanisms to protect energy producers. Such agreements allow producers to achieve higher selling prices for their electricity, thereby improving the profitability of their investments.
Hekla Energy is one of the fastest-growing players in Poland’s renewable energy supply segment for business and institutional clients. The company systematically expands its portfolio, focusing on collaboration with independent renewable energy producers, which enables it to offer highly competitive terms. This is achieved by incorporating energy sales optimization mechanisms based on a wide range of trading instruments available on the Polish Power Exchange (TGE). As a result, producers can achieve energy prices up to 15% higher than with standard offtake agreements.
A significant milestone in this strategy was the signing of a Power Purchase Agreement (PPA) with PAD RES Group – a Polish developer and investor in clean energy assets – for the purchase of 100% of the electricity generated by the PV Sztum solar farm, one of the largest such facilities in Poland. PV Sztum consists of two installations with a total capacity of 106 MW, located in Barlewice and Koślinka, Pomeranian Voivodeship.
Strategic Portfolio Growth – Benefits for Clients and the Climate
“Cooperation with PAD RES Group is an important step in expanding our generation offtake portfolio. This collaboration will allow us to deliver green energy to an even greater number of end-users. PV Sztum is one of the ten largest solar farms in Poland and has increased our total offtake portfolio capacity by more than 6%,” said Gracjan Grela, CEO of Hekla Energy.
Hekla Energy consistently builds its renewable energy procurement portfolio through PPA contracts. This allows the company’s clients to reduce their carbon footprint by purchasing 100% green electricity at competitive rates. Since its inception, Hekla Energy has been one of the few energy suppliers in Poland to offer exclusively green energy – a mix of solar and wind power, complemented by electricity from agricultural and waste biogas plants as well as small hydroelectric facilities.
In 2024, Hekla Energy – in cooperation with Nomad Electric Services (a member of the R.Power Group, a leading SCADA system provider and one of the largest O&M service providers in Poland) – expanded its product offering for wind and solar energy producers with the SafePrice NX service. Through this jointly developed application, Hekla Energy offers energy purchase agreements that protect against adverse (negative) electricity prices and provide additional benefits, such as a guaranteed positive price in cases where generation continues despite negative pricing. Combining a PPA with SafePrice NX can increase revenues from renewable energy projects by up to 15%.
Today, Hekla collaborates with all major O&M service providers in Poland.
PV Sztum – Another Step Forward for Renewable Energy
PAD RES Group is a Polish developer and investor in clean energy assets, specializing in large-scale renewable energy projects and grid-distribution infrastructure. Established in 2010, the company successfully develops projects from the greenfield phase to commercial operation and manages operating assets, aiming to become a fully-fledged independent power producer (IPP). PAD RES plans to continue growing its portfolio, which includes solar and wind projects, energy storage facilities, and biogas plants at various stages of development, from early-stage projects to those ready for construction. The group’s total secured grid connection capacity exceeds 1 GW.
The partnership between Hekla Energy and PAD RES Group demonstrates what a modern, data-driven approach to renewable generation and energy sales should look like.
