Iberdrola to acquire Polish wind, solar projects

• 98MW of assets will certainly be purchased from V-ridium, KGAL JV Augusta Energy

Iberdrola has actually performed an initial contract on the procurement of 98MW of wind as well as solar projects in Poland from Augusta Energy, a JV in between Greenvolt's 100%-owned subsidiary V-ridium Power Group and asset supervisor KGAL.

The purchase includes 2 wind farms totaling 50MW and also 6 solar plants totaling 48MW.

All of the plants in profile are presently in building and construction and all type part of 15-year PPA agreed with T-Mobile Polska, indexed to the consumer price index (CPI).

It is anticipated that the projects will certainly be operational in 2023.

Iberdrola is broadening its visibility in Poland, a key growth renewable market for Iberdrola, bringing its onshore renewable resource capacity up to 261MW.

In June this year Iberdrola started the construction of the 50.5 MW Korytnica II wind farm, which will certainly also be functional in 2023.

The business currently operates the 30MW Zopowy wind farm as well as the 82.5 MW Korytnica I project.