Polenergia sues Tauron over wind farms canceled deal

WSE-listed power utility Tauron has been sued by Polenergia subsidiaries for PLN 78.9 million in damages in PLN 265.2 million in compensation on potential future losses following termination of long-term contracts for the purchase of power from renewable sources and green certificates, Tauron said in a market filing. Tauron added that it believes the claims are groundless. Back in March 2015, Tauron’s subsidiary Polska Energia, terminated 12 long-term deals for the purchase of energy and property rights from contractors, owners of wind farms, which were concluded in 2009-10. The reason for terminating the contracts was - as reported by PE-PKH - the violation of their provisions by contractors consisting in the refusal to accept in good faith the renegotiation of conditions. The owners of wind farms were: Polenergia, In.ventus, and the Enerco and Invenergy Group, and they all have filed similar lawsuits against Tauron.