Friday, December 9 2022 Sign In   |    Register
 

News Quick Search


 

News


Front Page
Power News
Today's News
Yesterday's News
Week of Dec 05
Week of Nov 28
Week of Nov 21
Week of Nov 14
Week of Nov 07
By Topic
By News Partner
Gas News
News Customization
Feedback

 

Pro Plus(+)


Add on products to your professional subscription.
  • Energy Archive News
  •  



    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    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.)

    TOP

    Other Articles - International


    TOP

       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.