Iberdrola to acquire wind/solar project portfolio in Poland

• 1 year, 8 months ago (2022-08-03)
• David Flin

Europe 1061 Solar 243 Wind 239

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Iberdrola of Spain has reached a preliminary agreement with Augusta Energy to acquire a 98 MW wind and solar project portfolio in Poland. The portfolio includes two wind farms with a combined capacity of 50 MW and six solar PV plants with a combined capacity of 48 MW.

All the projects are currently in development and scheduled to come online in 2023. They will then supply energy to T-Mobile Polska under a 15-year PPA.

The financial details of the deal have not been disclosed.

The deal will increase Iberdrola’s portfolio in Poland to 261 MW. In a statement, Iberdrola said: “Iberdrola is also developing several offshore wind technology projects in Poland and is participating in the Polish government’s call for tenders for different areas of the Baltic Sea. The projects will be incorporated into the Baltic Sea Hub, the group’s hub that will act as the epicentre of its renewable activity in Germany, Poland, and Sweden.”