Weekly renewables M&A round-up (Jun 27-Jul 1)
Jul 01, 2022 17:05 CESTMay 23 (Renewables Now) - Spanish utility group Iberdrola SA (BME:IBE) said today that it has started building the 50.5-MW Korytnica II onshore wind farm in Poland, its third in the country.
The project is sited in the Mazowieckie region, north-east of Warsaw, next to the operational 82.5-MW Korytnica I wind farm. Vestas Wind Systems A/S (CPH:VWS) was selected to supply 14 units of its V123-3.45 MW for the new development. Civil engineering company CJR Renewables is in charge of the wind farm construction, having built Korytnica I in 2015, the Spanish group said in an earlier announcement.
Iberdrola expects Korytnica II to go online in the first quarter of 2023. The new wind farm will operate under a power purchase agreement (PPA) with Norway’s Statkraft, and is additionally backed by a contract-for-difference (CfD) secured in Poland’s renewable energy auction in June 2021.
With the 30-MW Zopowy wind farm and the two Korytnicas, Iberdrola will get to boast 163 MW of installed onshore wind capacity in Poland. The group is also engaged in offshore wind activities in the country.
Weekly renewables M&A round-up (Jun 27-Jul 1)
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