Iberdrola has executed a preliminary agreement on the acquisition of 98 megawatts (MW) of wind and solar projects in Poland from Augusta Energy sp. z o.o., a joint venture between Greenvolt’s 100%-owned subsidiary V-ridium Power Group and asset manager KGAL.
The transaction includes two wind farms totalling 50 MW and six solar plants totalling 48 MW. All of the plants in the portfolio are currently in construction, and all form part of a 15-year PPA agreed with T-Mobile Polska, indexed to the consumer price index (CPI). It is anticipated that the projects will be operational in 2023.
Iberdrola is expanding its presence in Poland, a key growth renewable market for Iberdrola, bringing its onshore renewable energy capacity up to 261 MW.
In June this year, Iberdrola started the construction of the 50.5 MW Korytnica II wind farm, which will also be operational in 2023. The company already operates the Zopowy wind farm (30 MW) and the Korytnica I project (82.5 MW).
Iberdrola is also developing offshore wind in Poland and is participating in the competition process that the Polish Government has launched for offshore projects in the Baltic Sea. The company operates a “Baltic Sea Hub” model in its renewables business, which aims to support as much local content as possible for Iberdrola’s projects in the Germany-Poland-Sweden axis.
Iberdrola is a leader in renewable energy globally, with an installed capacity of nearly 39,000 MW, making its generation fleet one of the cleanest in the energy sector.
Image source: Courtesy of Iberdrola
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