Octopus Renewables Infrastructure Trust (ORIT) has acquired two wind projects in Poland, marking the company’s first investment in the country, according to Renewables Now.
The seller was German renewables developer PNE.
The Krzecin wind farm in northwestern Poland and the Kuslin wind farm in western Poland have a combined capacity of 58.8 megawatts and have been under construction since fourth quarter 2020. The Krzecin wind farm is expected to come online in fourth quarter 2021, while the Kuslin facility is expected to come online in the middle of 2022.
The total investment for both projects, including debt funding, is estimated at PLN 568 million ($145 million).