Iberdrola to acquire Polish wind, solar projects

Iberdrola has executed a preliminary agreement on the acquisition of 98MW of wind and solar projects in Poland from Augusta Energy, a JV between Greenvolt’s 100%-owned subsidiary V-ridium Power Group and asset manager KGAL.

The transaction includes two wind farms totaling 50MW and six solar plants totaling 48MW.

All of the plants in portfolio are currently in construction and all form part of 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 261MW.

In June this year Iberdrola started the construction of the 50.5MW Korytnica II wind farm, which will also be operational in 2023.

The company already operates the 30MW Zopowy wind farm and the 82.5MW Korytnica I project.