Wednesday 3 August 2022

Iberdrola to buy two wind farms and six solar plants in Poland

Iberdrola has announced it is buying of a portfolio of renewable energy projects in Poland which consists of 98MW of solar and wind energy capacity.

It has signed a preliminary agreement with Augusta Energy, a joint venture between Greenvolt's 100%-owned subsidiary V-ridium Power Group and asset manager KGAL, on the deal.

It includes two wind farms with a 50MW of total capacity and six solar power plants totalling 48MW of capacity, with all of the projects currently in construction.

All projects, which are expected to be operational in 2023, are part of 15-year power purchase agreements (PPAs) with T-Mobile Polska.

Iberdrola started constructing the 50.5MW Korytnica II wind farm in June this year, which will also be operational in 2023 and also already operates the 30MW Zopowy wind farm and 82.5MW Korytnica I project.

In addition, the Spanish utility is developing offshore wind in Poland and taking part in the Polish Government's offshore wind tender.