Iberdrola Acquires Three Onshore Wind Farms in Poland
Iberdrola has increased its renewable energy footprint in Poland, one of the company's new growth markets. The group has reached an agreement with
Iberdrola has increased its renewable energy footprint in Poland, one of the company's new growth markets. The group has reached an agreement with CEE Equity Partner to acquire three new onshore wind farms with a total capacity of 163 megawatts. The production from the facilities is largely already covered by 10-year power purchase agreements. Two of the projects, with a joint capacity of 112.5 MW, are already operational, while the third one, with 50.4 MW capacity, will start construction shortly.
The agreement reinforces Iberdrola's commitment to Poland, strengthening the company's position to be at the forefront of the energy transition in the country. It follows the recent acquisition of 70% of the developer Sea Wind, which has a pipeline of seven offshore projects with a potential capacity of up to 7,300 MW.
This new acquisition also boosts the company's renewables Baltic Sea Hub which will act as a centre for offshore and onshore services, as well as providing local content for Iberdrola's projects in the Germany-Poland-Sweden axis. The Baltic has an offshore wind development potential of 93,000 MW, of which 28,000 MW would be located in Polish waters.