Macquarie’s Green Investment Group (GIG) has made its first investment in Poland, with the purchase of the 42-megawatt Kisielice onshore wind farm located in Warmiab Masurian Voivodeship, a province in the northern part of the country.
The seller was Impax New Energy Holdings Cooperatief, an entity owned by NEF2, a renewable energy fund managed by Impax Asset Management. A purchase price was not disclosed.
Operational since 2014, the project consists of 21 Enercon E82 turbines, which generate enough renewable electricity to power 45,590 homes per year. This purchase follows Poland’s initiative to make sure 21 percent of gross final energy consumed comes from renewable energy sources by 2030.
“As we pursue our mission to accelerate the transition to a greener global economy, it’s essential that GIG continues to seek out opportunities in new and growing markets,” said Edward Northam, head of GIG Europe. “Poland has significant potential for renewable energy and we are excited to have taken our first steps into this market.”
The sale follows GIG’s recent purchase of the 43-megawatt Hornamossen onshore wind farm in Sweden. GIG also recently agreed to buy a 40 percent stake in the East Anglia ONE — located in the United Kingdom and expected to be the world’s largest offshore wind farm — for £1.63 billion ($1.96 billion).
According to GIG, onshore wind is currently Poland’s largest renewable energy source, with 5.7 gigawatts of installed capacity. It held its first auction for onshore wind in November 2018, and its second, for around 2.5 gigawatts, is expected to take place some time this year.
With the purchase, GIG is now active in 11 countries across Europe, and 15 countries globally.
