PNE has sold to wind projects in Poland totalling 59MW to Octopus Renewables.
PNE will continue to provide construction services for the projects which are expected to reach full operations in late 2021 and mid-2022, respectively.
Both projects were awarded fifteen-year tariffs under the Polish Contract for Difference auction in 2019.
This acquisition is Octopus Renewables’ second transaction in Poland.
Octopus Renewables investment director Chris Gaydon said: “We are delighted to have completed this acquisition and to have developed a strong relationship with a highly experienced developer.
“These projects benefit from attractive government-backed fixed revenues, in a market which is set to experience significant growth in renewable capacity over the coming years.”
PNE chief executive Markus Lesser said: “We are very pleased about this sales success and it shows that our many years of commitment have paid off in this market that is becoming increasingly open regarding clean energies.
“We also really appreciate the opportunity to continue working with Octopus and to stay involved in the projects in the long run, thanks to our management activities in the operation of the wind farm.”