Thanks to vPPAs, we will supply 460 GWh of green electricity annually. We have a problem in Czechia, says Rezolv Energy’s Matej Krušpán

Direct renewable electricity purchase agreements (known in English as power purchase agreements, or simply PPAs) are still a relatively new phenomenon in the Czech Republic. In other European countries, however, they are an entirely commonplace way of securing financing for the construction of renewable electricity generation facilities.

Czech company Rezolv Energy is one example. It is primarily active in Central and Eastern Europe, where it is currently building projects with hundreds of MW of installed capacity, including both wind farms and solar plants. In the Czech Republic, however, the PPA market is only at its beginning, partly because renewable energy accounts for just under 15% of the Czech energy mix, the lowest share in the EU. “Available renewable capacity is an essential prerequisite for a healthy PPA market, so it is vital that rapid progress is made in this area,” says Matej Krušpán, Chief Commercial Officer of Rezolv Energy.