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    Ignitis Acquires Owner Of 137MW Wind Project In Poland


    October 3, 2022 - Fitch Solutions Sector Intelligence

     

      • Infrastructure
      • United States
      • Company Brief
      • Fitch Solutions

      Ignitis Acquires Owner Of 137MW Wind Project In Poland

      • 3 Oct 2022
      THIS COMMENTARY IS PUBLISHED BY FITCH SOLUTIONS COUNTRY RISK & INDUSTRY RESEARCH and is NOT a comment on Fitch Ratings' Credit Ratings. Any comments or data are solely derived from Fitch Solutions Country Risk & Industry Research and independent sources. Fitch Ratings analysts do not share data or information with Fitch Solutions Country Risk & Industry Research.

      News: Ignitis Renewables, a unit of Lithuania-based Ignitis Grupe, has signed an agreement to acquire a 100% stake of the developer of the 137MW Silesia 2 wind project in Poland. Under the agreement, the firm will pay EUR240.0mn (USD235.3mn) to acquire the firm and cover the construction costs. The wind power project will feature Nordex turbines and is presently at an advanced stage of development. The project is due to reach commercial operations in H224 (Renewables Now).

      This report from Fitch Solutions Country Risk & Industry Research is a product of Fitch Solutions Group Ltd, UK Company registration number 08789939 ('FSG'). FSG is an affiliate of Fitch Ratings Inc. ('Fitch Ratings'). FSG is solely responsible for the content of this report, without any input from Fitch Ratings.

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