Erbud announces EUR 69m of October wind contracts

Wind farm in Poland. Author: SCA Svenska Cellulosa Aktiebolaget. License: Creative Commons. Attribution 2.0 Generic.

Polish construction firm Erbud (WAR:ERB) in October announced contracts worth over PLN 318 million (USD 80.4m/EUR 69m) for the construction of five wind farms in Poland.

The contracts have been signed by 90% subsidiary PBDI SA working alone or with partners. Four of the agreements have been concluded in October, while the fifth one -- for the Bialy Bor wind farm -- was initially agreed in June but the company got a notice to proceed late on September 30. The table below contains details.

Wind project (Investor)	Contract conclusion date	PBDI partner	Contract value (in PLN)	Year of completion
Dobrzyca (Dobrzyca LLC)	October 30	--	43.79 million	2021
Kolobrzeg (Farma Wiatrowa Kołobrzeg LLC)	October 27	--	31.46 million	2021
Laszki (Laszki Wind LLC)	October 9	Electrum Sp. z o. o.	45.86 million	2021
Katy (Baltic Green I LLC)	October 1	P&Q Sp. z o. o.	42.83 million	2022
Bialy Bor (Bialy Bor Farma Wiatrowa Sp. z o. o.)	June 4	Erbud	154.64 million	2022

Erbud explained that it had to delay the announcement of the PLN-154.6-million contract for Bialy Bor until the fulfillment of a condition precedent provided for in the contract.

(PLN 1 = USD 0.26/EUR 0.22)

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