Galileo cooperates with solar manufacturer Pagra from Poland
The Zurich-based platform Galileo for renewable energies is now working with the Polish photovoltaics provider Pagra. Companies in Poland can reduce their energy costs with the offer of Galileo and Pagra through their own photovoltaics.
Galileo and Pagra have signed a partnership agreement for the Polish market. According to a press release , the Zurich-based platform Galileo, which specializes in renewable energies, and the photovoltaic provider Pagra from Rogaszyce in Poland want to join forces to reduce the energy bills of companies in Poland.
Galileo, which traded as Galileo Green Energy GmbH until mid-July, has acquired a 35 percent stake in Pagra as part of the partnership, with the option to further increase its stake after 24 months, according to the partnership announcement.
“Pagra is a dynamic company that is at the forefront of the energy transition in Poland. It develops very effective power supply solutions for business customers in Poland,” Ingmar Wilhelm, CEO of Galileo, is quoted as saying. These customers are suffering from the sharp rise in wholesale prices, as price volatility is high and supply security is low, Wilhelm continued. Galileo will support Pagra in expanding its business across Poland and will complement its technical and energy competencies.
Since 2020, Pagra has been offering photovoltaic roof systems in south-west and central Poland and is now expanding its activities throughout Poland. 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 called Energy-as-a-Service (EaaS).
"We see a growing interest in this solution from both private companies and public institutions," Kornel Dybul, President of Pagra, is quoted as saying.