Iberdrola invests in Polish renewable energy projects

Wind Industry Profile of

When the new facilities, already under construction, come on stream in 2023, the company will have 261 MW of installed capacity in Poland, a market that has become one of the Iberdrola group's growth platforms.

Iberdrola has closed a preliminary agreement for the acquisition of 98 megawatts (MW) of wind and solar projects in Poland with Augusta Energy sp. z o.o., a joint venture between Greenvolt subsidiary V-ridium Power Group and asset manager KGAL. The transaction includes two wind farms with a combined capacity of 50 MW and six PV plants totalling 48 MW. All projects are currently under construction and are part of a 15-year PPA agreed with T-Mobile Polska, indexed to the consumer price index (CPI). The projects are expected to be commissioned in... ... More: Official Press Release Iberdrola

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Iberdrola, Poland, wind farm, solar, investment, MW; capacit, prtfolio, growth, Augusta Energy, V-ridium, KGAL, transaction