Energa plans terminating deals with renewable firms

WSE-listed power utility Energa plans to annul 22 framework deals with renewable energy peers regarding purchasing of the certificates of origin. The company hopes that it will bring PLN 110 million profit next year, and some PLN 2.1 billion in the future, Energa said in a market filing. According to the utility, the deals are most likely non-binding, as they were signed without tenders, which would be in violation of public procurement law. Another state-owned power utility Tauron, has been sued by a number of energy companies for terminating similar long-term deals. The company calls these lawsuits “baseless.”