Energa’s three lawsuits against windfarm operators dismissed

A subsidiary of WSE-listed power group Energa, Energa-Obrót had three of its lawsuits demanding nullification of its contracts with windfarms rejected by an arbitration court, the company said in a market filing. The company is considering filing an appeal and is analyzing the potential financial impact of the rulings. Back in September last year, the company announced that Energa-Obrót had ceased to implement 22 framework agreements for the sale of property rights resulting from certificates of origin with producers of electricity from renewable energy sources (RES) and decided to initiate legal and arbitration proceedings whose purpose is to establish non-existence legal relations. At that time, Energa estimated that there could be approx. PLN 600 million due to unjust enrichment of its contractors during the implementation of 22 framework agreements.