Statkraft, Europe’s largest producer of renewable energy and a leading PPA provider in Europe, and Greenvolt Power, a global utility-scale developer of onshore wind, solar and battery storage projects, have signed a 10-year tolling agreement covering 400MW of battery energy storage system (BESS) capacity across two projects in Poland. The agreement is the largest publicly communicated in the EU to date* and marks Statkraft’s first large-scale BESS contract in the Polish market.
The agreement covers two four-hour batteries, Ełk (200MW/800MWh) and Turośń Kościelna (200 W/800MWh), located in Nowa Wieś Ełcka and Turośń Kościelna respectively. The structure of a tolling agreement gives Statkraft the right to decide when the batteries charge and discharge across energy and flexibility markets, while giving Greenvolt an additional source of predictable, long-term revenue alongside the revenue already secured through Poland’s Capacity Market.
“Our partnership with Greenvolt shows our ambition in Poland. With the largest BESS transaction signed in the country to date, we continue to play an active role in supporting Poland’s energy transition. The two BESS projects complement our portfolio of third-party wind and solar assets, on the back of which we can offer competitive and stable prices for energy-intensive off-takers. Having previously signed Poland’s largest cPPA and first subsidy-free utility-based solar PPA, we are proud to add another landmark transaction,” says Kornel Koronowski, Head of Origination Poland, Statkraft.
“This agreement with Statkraft brings sophisticated market optimisation to these projects, allowing the flexibility of the batteries to be monetised across different power markets and unlocking additional revenues. We have built strong capabilities in originating and developing utility-scale assets and, as we move further along the value chain, with projects now entering operation, choosing the right commercial structure is increasingly important”, says Łukasz Zagórski, Business Origination and Market Regulation Director, GreenvoltPower.
The partnership combines Greenvolt’s expertise in developing large-scale energy assets with Statkraft’s ability to manage electricity market risk. Through long-term tolling agreements, projects benefit from greater revenue certainty, supporting financing and accelerating the deployment of battery storage infrastructure at scale. This partnership demonstrates the growing maturity of Poland’s flexibility market and the importance of innovative commercial structures in enabling new energy infrastructure.
