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    Ignitis Renewables to Invest USD71 Million in Wind Farm in Poland


    July 29, 2022 - Marketline - Deals

     

      Deal In Brief

      Ignitis Renewables, a renewable energy company specializing in operating wind farms, has agreed to invest EUR70 million in construction and development of wind farm located in Lower Silesian Voivodeship, Poland. The total installed capacity of the farm will be 50 MW. The investment per MW will be USD1.4 million

      Wind farm is expected to start generating first electricity in Q4, 2023, and estimated production is expected approximately 1,22,000 MWh per year

      In Poland company already owns a wind farm in Pomerania, with a total capacity of 94 MW, and is developing an 80 MW solar power plant portfolio as well as 150 MW greenfield projects

      The construction works of the new wind farm in south-western Poland, near the border with Czech Republic will be carried out by CJR Renewables. The wind farm located in Bakow will have 14, 3.6 MW wind turbines manufactured by an international turbine manufacturer Nordex. The scope of the project’s schedule ranges over a year. CJR Renewables is currently constructing other wind farms in Peru, Columbia and Portugal.

      Deal Value (US$ Million) 71.17
      Deal Type Acquisition
      Sub-Category Asset Purchase
      Deal Status Announced: 2022-07-27

      Deal Participants

      Deal Rationale

      (Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Marketline shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon.)

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