Iberdrola acquires 98MW of solar and wind projects in Poland

Facebook
Twitter
LinkedIn
Reddit
Email
With the acquisition of the 98MW solar and wind projects, Iberdrola will bring its total to 261MW of renewables in Poland. Image: Iberdrola.

Spanish utility Iberdrola has entered into an agreement for the acquisition of 98MW of solar and wind projects in Poland with Augusta Energy, a joint-venture between renewables developer V-ridium Power and asset manager KGAL.

The transaction includes six solar PV plants totalling 48MW, with the projects currently under construction and set to be commissioned in 2023.

Moreover, a 15-year power purchase agreement (PPA) has already been signed with telecommunication company T-Mobile Polska, indexed to the consumer price index.

The acquisition will bring the Spanish utility’s renewable capacity – mostly of wind generation – in Poland to 261MW which has become one of Iberdrola’s key growth market.

Recent financial results showed the company’s strong performance coming from its international markets, despite signing a PPA with beverage company PepsiCo in Spain to procure 590MW of renewable energy.

Furthermore, Iberdrola recently signed a US$562 million green loan with the European Investment Bank to finance 1.8GW of Spanish renewables portfolio.

Read Next

August 12, 2022
ACWA Power posted strong H1 2022 results as it continues to divert its portfolio to renewables and low-carbon technologies.
August 11, 2022
German project developer Energiequelle has entered the Polish renewables market with an eye on 30 projects with more than 1GW of capacity.
August 10, 2022
Iberdrola has commissioned the 590MW 'Francisco Pizarro' PV project in Extremadura Southwestern Spain, which is Europe’s largest solar plant.
August 9, 2022
Investment firm Exus has acquired 100% of the shares of Riacho da Serra Energia, and the project-related assets, from Decal Renewables and Upside Value.
August 9, 2022
Renewables developer and operator Leeward Renewable Energy (LRE) has started the construction of a 196MW solar PV plant in London, Ohio.
August 2, 2022
Independent power producer (IPP) Cypress Creek Renewables has acquired a 100MW solar asset in New York from developer Carson Power.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
September 7, 2022
15:30 AEST (UTC +10)
Solar Media Events
September 14, 2022
London
Solar Media Events
October 4, 2022
New York, USA
Solar Media Events
October 11, 2022
Virtual event