DTEK Expands into Poland with 133-MW Battery Project

• DTEK's acquisition of a 133-MW battery storage project in Poland solidifies their position as a leader in renewable energy technology development in Europe.

Ukrainian energy group DTEK has acquired a 133-MW battery energy storage project in Poland through its EU-focused renewables unit, DRI. The deal was finalized with Poland's Columbus Energy, positioning DTEK as one of the first companies to develop battery storage technology at scale in Poland. The financial terms of the agreement were not disclosed.

Construction of the battery project is expected to begin in the fourth quarter of 2024, with operations set to commence in early 2026. The project has a 17-year contract to provide energy capacity to the Polish market starting from 2027, which was awarded in a 2022 Capacity Market auction held by Polish grid operator PSE. This investment marks DTEK's first major infrastructure project in Poland and is part of the group's plan to build a portfolio of 5 GW of renewable energy projects in Europe by 2030 through DRI.

What is DTEK's strategy for developing battery storage technology in Poland?

• DTEK's strategy for developing battery storage technology in Poland involves acquiring a 133-MW battery energy storage project through its EU-focused renewables unit, DRI.
• The company aims to position itself as one of the first companies to develop battery storage technology at scale in Poland.
• Construction of the battery project is scheduled to begin in the fourth quarter of 2024, with operations expected to start in early 2026.
• The project has a 17-year contract to provide energy capacity to the Polish market starting from 2027, which was awarded in a 2022 Capacity Market auction held by Polish grid operator PSE.
• This investment in Poland marks DTEK's first major infrastructure project in the country and is part of the group's plan to build a portfolio of 5 GW of renewable energy projects in Europe by 2030 through DRI.