Saturday, July 13, 2024
HomeRenewablesORLEN signs deal for new wind farms in western Poland
Powered by

ORLEN signs deal for new wind farms in western Poland

Polish energy company ORLEN Group has concluded a conditional agreement with renewable energy producer EDP Renewables Polska for the purchase of three wind farms in the western Greater Poland (Wielkopolska) voivodeship (28 July).

Launched in 2021 and 2022, the said wind farms have a capacity of 142 megawatts (MW) which can supply power to around 240,000 households annually. The deal also includes an option for photovoltaic development of up to 159 MW that can be implemented on the basis of cable pooling.

The transaction is expected to be finalised later this year, ORLEN said via a press release. Once the acquisition is completed, ORLEN will have an approximate total renewable capacity of 900 MW.

“We are executing one of the most significant transactions in the domestic renewable energy market in recent years. Our extensive acquisition experience and operational scale allow us to effectively carry out transactions of this type. Our consistent investments in this segment aim to offer clean and competitively priced energy to our customers. By 2030, we plan to have approximately 9 GW of installed renewable capacity, thus becoming the energy transition leader in the region,” said Daniel Obajtek, CEO and President of the ORLEN Management Board.

“The agreement concluded today will increase our RES [renewable energy sources] portfolio with exceptionally high-quality generation units. The three wind farms to be acquired are not only among the most modern in the country but are also characterised by a great location, ensuring high winds, which guarantees a high degree of utilisation of the installed capacity,” Mr Obajtek added.

The wind farms are located near the town of Dobrzyca (with a capacity of 49.9 MW) and the villages of Ujazd (with a capacity of 30 MW) and Dominowo (with a capacity of 62.4 MW). The wind farm in Dominowo uses Vestas V136 turbines, which have a maximum height of 166 metres and blades measuring 76.2 metres in length, which is one of the largest onshore units currently operating in Poland.

EDP Renewables Polska is a subsidiary of the Madrid-based EDP Renewables, the world’s fourth-largest producer of wind and solar energy, present in 28 markets in Europe, North America, South America and Asia-Pacific.

Prior to this announcement, ORLEN Group’s Energa Wytwarzanie signed a preliminary agreement with a renewable energy producer Greenvolt to purchase a wind farm and four photovoltaic installations in the same part of Poland (ie. Wielkopolska).

Sign up for our newsletters

    Monthly newsletter – Delivering the most important energy stories of the month selected by our Editor-in-chief
    Weekly Oil&Gas roundup - All major news about the oil and gas industry, LNG developments, the upscaling of new gases and related EU regulations arriving in your mailbox every Monday.
    Weekly Renewables&Climate roundup - All major news about investments in renewable energy sources, environment protection, green hydrogen and new innovative ways to tackle the climate crisis arriving in your mailbox every Tuesday.

    Most Popular