The Orlen Group has entered into a conditional agreement with EDP Renewables Polska for the purchase of three wind farms in the Wielkopolska region with a total capacity of 142MW.
The deal also includes an option for photovoltaic development up to 159MW that can be implemented, inter alia, on the basis of cable pooling.
The farms, commissioned in 2021 and 2022, can supply clean energy to as many as c. 240 thousand households annually.
The assets being acquired are not only among the most modern, but also the most effective wind farms in Poland, Orlen said.
They are powered, among others, by 4.2MW turbines, one of the largest currently used in Poland.
The transaction is expected to be finalised later this year.
Daniel Obajtek, chief executive and president of the Orlen Management Board, said: “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 9GW of installed renewable capacity, thus becoming the energy transition leader in the region.
“The agreement concluded today will increase our RES 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 characterized by a great location, ensuring high winds, which guarantees a high degree of utilization of the installed capacity.”
The transaction is being executed by Orlen Wind 3 of the Orlen Group.
Once the acquisition is completed, Orlen will have an approximate total renewable capacity of 900MW.