Polish oil and gas company Orlen Group has signed a conditional agreement with the Polish subsidiary of EDP Renewables to acquire three wind farms with a total capacity of 142MW.
Located in the Wielkopolska region, the wind farms began operations in 2021 and generate enough electricity to power 240,000 Polish households annually.
One, near the town of Dobrzyca, has a capacity of 49.9MW. The other two are in the villages of Ujazd and Dominowo and have a capacity of 30MW and 62.4MW, respectively.
Powered by Vestas V136 turbines, each with 4.2MW of capacity, the wind farms are modern and highly effective.
The transaction is expected to close later in 2022. Orlen will then have a total renewable capacity of 900MW.
The company also has an option to acquire solar photovoltaic projects with 159MW of capacity, which form an inherent element of the transaction. The solar projects are currently in the development stage.
Construction of the wind farms is dependent on regulatory approvals and based on cable pooling. They will add significantly to Orlen’s renewable generation capacity.
Orlen management board president and CEO Daniel Obajtek stated: “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 [renewable energy storage] 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 characterised by a great location, ensuring high winds, which guarantees a high degree of utilisation of the installed capacity.”
In May 2023, Orlen Group and Northland Power started construction on transmission infrastructure in the Choczewo municipality in Poland for the 1.2GW Baltic Power offshore wind farm. The offshore project is expected to begin operations in 2026.
