Akuo starts up 132 MW of wind farms in Poland

Image by Mirova (www.mirova.com)

October 13 (Renewables Now) - French renewable project developer and power supplier Akuo has brought online three wind farms in Poland with a combined capacity of 132 MW together with financial partner Mirova.

The announcement today marked the inauguration of one of the three facilities, the Wielowies plant in southern Poland.

The projects secured contract for difference (CfD) government support in a tender in late 2018. Their completion brings Akuo’s installed power capacity in Central-Eastern Europe to more than 300 MW.

Akuo closed financing for the projects in December 2019 through its equity partnership with Eurofideme 4, a fund managed by French investment manager Mirova, an affiliate of Natixis Investment Managers. The projects were additionally backed by senior debt commercial loans.

Vestas wind turbines were ordered for the three facilities -- Wielowies, and EP 44 and Gniew in northern Poland.

The 132-MW portfolio is expected to generate enough electricity to meet the needs of almost 200,000 homes.

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