GoldenPeaks Capital has successfully acquired two new Battery Energy Storage Systems in Poland.

GoldenPeaks Capital (“GPC”), one of the fastest growing independent producers of green energy in Europe, has successfully acquired two new BESS (Battery Energy Storage Systems) projects under a preliminary share purchase agreement, with a total of 54 MW or 216 MWh in Poland.

The two projects were awarded a 17-year Capacity Market contract in the 2024 auction as 4-hour systems, achieving the maximum capacity payments for BESS assets.

The deal was closed on June 6th, after a six-week due diligence and contract negotiation period, which was led by the Mercer acquisition team under the lead of Damian Majkowski.

Adriano Agosti, Founder and Chairman of GoldenPeaks Capital said: “This is a great example of a dedicated teamwork between Mercer, Spectris and GoldenPeaks Capital, combining their individual expertise. It also shows GoldenPeaks Capital’s commitment to further strengthen BESS as a strategic pillar.”

The first project, Baczyna, sums up to a total of 46MW or 184 MWh, being connected at 110 kV to the high voltage network.

The second project, Jelenia Góra, sums up to a total of 8 MW or 32 MWh, being connected at 20 kV to the medium voltage network.

The deals strengthen GPC’s investment commitment to BESS in Poland, bringing the total portfolio volume of the current BESS-projects to 124 MW. It also highlights GPC’s interest in making BESS a core pillar of its evolving business.

GPC’s continued investment in BESS not only creates a more diversified portfolio across our core markets but supports the ever-increasing need for flexible energy assets in Europe. The 17-year capacity market payments from these projects represent the last heavily subsidised BESS payments in Poland, positioning GPC well for long-term project success.