Monday, September 25, 2023
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ORLEN Group purchases wind and solar farms from Greenvolt

Polish power company Energa Wytwarzanie (ORLEN Group) has signed a preliminary agreement with a renewable energy producer Greenvolt to purchase a wind farm and four photovoltaic installations in the north-western Greater Poland (Wielkopolska) voivodeship (25 July).

With a total capacity of 59 megawatts (MW), these projects will join ORLEN Group’s 700 MW renewables portfolio, once the sale is finalised.

“We will increase the capacity of our green assets more than 10 times by 2030, providing clean, zero-emission energy necessary to ensure the competitiveness of the Polish economy. To achieve this goal we are going to spend more than 50 billion złotych – both on our own projects and on the acquisition of the most prospective projects on the market. The assets we are buying from the Greenvolt Group are yet another step in the transformation of our energy system,” said Daniel Obajtek, CEO and President of the ORLEN Management Board.

ORLEN’s transaction with Greenvolt concerns the Opalenica project, comprising three photovoltaic farms with a total capacity of 22 MW, and the Sompolno hybrid project, combining 26 MW wind turbines with a 10 MW photovoltaic installation. The Opalenica project is set to be commissioned in December 2023, while the Sompolno project’s full operational readiness is scheduled for June 2024. 

These assets can produce 111 gigawatt hours (GWh) of energy annually, which can meet the energy needs of around 55,000 households. Greenvolt Power is responsible for the construction and bringing both projects to the operational phase.

By 2030, the ORLEN Group aims to have a renewables portfolio with a total capacity of 9 gigawatts (GW) which would include offshore and onshore wind farms, photovoltaics as well as biogas and biomethane generation units. The company also plans to start producing small modular nuclear reactors (SMRs) during this period.

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