Orlen Wind 3, a subsidiary of the Orlen Group, has signed a preliminary agreement with EDP Renewables Polska to acquire wind and solar facilities in Poland.
The deal includes photovoltaic (PV) projects with a combined capacity of 280 megawatts peak (MWp) and a 26MW wind farm.
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Valued at 1.15bn zlotys ($292m), the transaction is notable for its size within the Polish renewable energy sector.
The completion of this acquisition will increase Orlen’s renewable generation capacity by 30%.
The agreement entails the purchase of two solar PV farms.
The first, located in Chotków, spans 45 hectares and is equipped with 61,000 solar panels, providing a total capacity of 40MWp.
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By GlobalDataThis farm, commissioned in January 2024, is designed to minimise environmental impact and features fencing that allows the free movement of small animals.
The second PV farm, with 200MWp capacity, is undergoing an expansion to add an additional 40MWp.
Situated on the site of a former lignite strip mine in Przykona, this farm is set to become Poland’s largest solar PV farm upon completion of the expansion by the end of the year.
In addition to the solar projects, the Orlen Group will also acquire the Warta wind farm.
Constructed in May 2023 near Sieradz in the Province of Łódź, the wind farm comprises 13 turbines with a generation capacity of 26MW.
The location is said to benefit from high wind intensity, which ensures optimal utilisation of the turbines.
Orlen management board president and chief executive Ireneusz Fąfara stated: “We promised to accelerate our efforts, and we’re delivering on that promise. This new agreement will add over 300MW to our renewable energy portfolio, which is nearly a third of what we’ve built in renewables over the recent years.
“But it’s not just about the scale – this deal also makes strong economic sense for us and offers a real chance of enhancing the Orlen Group’s value.
“Our goal is to be a key player in Central and Eastern Europe’s energy transition. That’s why we’re not stopping here, actively looking for further attractive projects on the renewable energy market to seize every business opportunity that comes our way.”
