Galileo cooperating with Polish solar installation firm Pagra

05 August 2022 12:15

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Zurich CCGreater ZurichSEC

Related partners

Zurich CCGreater ZurichSEC

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Zurich/Rogaszyce - Galileo, the Zurich-based platform for renewable energies, is now working with the Polish photovoltaics firm Pagra. The partnership between Galileo and Pagra will allow businesses in Poland to reduce their energy costs by sourcing power from their own photovoltaic installations.

Galileo and Pagra have entered into a partnership agreement for the Polish market. According to a press release, Galileo, the Zurich-based platform specializing in the area of renewable energies, and Pagra, the photovoltaic installation firm from Rogaszyce in Poland, will now be joining forces to reduce energy bills for Polish businesses.

Galileo, which traded under the name Galileo Green Energy GmbH until mid-July, has acquired a stake of 35 percent in Pagra under the terms of the partnership, further details of which can be found in the press release. The company will also have the opportunity to increase this stake after 24 months.

“Pagra is an entrepreneurial and dynamic company at the forefront of the energy transition in Poland. It develops very effective power supply solutions to business customers in Poland”, comments Ingmar Wilhelm, CEO of Galileo, in the press release, adding that: “These customers are suffering from wholesale prices that have risen sharply from price volatility staying high and supply predictability low”. Galileo is supporting Pagra in the expansion of its business activities across Poland and will furthermore supplement the company’s technical and energy-related expertise.

Pagra has been offering rooftop photovoltaic installations in south-west and central Poland since 2020 and has now set its sights on expanding its activities across the whole of the country. Business customers are offered the opportunity to save on investment costs by concluding a long-term electricity supply contract based on a photovoltaic system financed by the installer. This solution is known as Energy-as-a-Service (EaaS).

“We see growing interest for this solution from both private companies and public institutions”, comments Kornel Dybul, President of Pagra, in the press release.

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Swiss Pavilion Digital