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    Ignitis Renewables to Acquire Silesia 2 Wind Farm in Poland

    October 4, 2022 - Marketline - Deals


      Deal In Brief

      Ignitis Group through its subsidiary Ignitis Renewables signed an agreement to acquire 100% of shares of the company developing an onshore wind farm in Poland. The total capacity of the wind farm (Silesia 2) is up to 137 MW. The project is currently at an advanced stage of development with an estimated COD in H2 2024

      The turbines at the new wind farm will be provided by a long-term partner of Ignitis Renewables, an international turbines manufacturer Nordex. Total preliminary investments, including the acquisition price and the construction cost, amount to around EUR 240 million. The completed wind farm will operate under market conditions. On top of that, Silesia 2 is in the vicinity of Silesia 1, another under construction wind farm project of Ignitis Renewables, which enables synergies between projects

      The closing of the transaction is expected to take place over the next several days, no separate announcement will be made. The acquisition is a significant step forward towards the Ignitis Group‘s objective to reach 4 GW of installed Green Generation capacity by 2030 as set out in the strategy

      Ignitis Group is already operating 1.2 GW portfolio of Green Generation and has renewable projects pipeline of around 2.5 GW, including Silesia 2.

      Deal Type Acquisition
      Sub-Category Asset Purchase
      Deal Status Announced: 2022-09-30

      Deal Participants

      Acquirer (Company) Ignitis Renewables
      Vendor (Company) Undisclosed Company

      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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