Macquarie's GIG buys 42-MW wind farm in Poland

Wind turbines in Poland. Author: Karolina Kabat.

August 22 (Renewables Now) - Green Investment Group Ltd (GIG), owned by Macquarie Group Ltd (ASX:MQG), today said it has acquired a 42-MW wind farm in Poland, making its first investment in the country.

The  seller is Impax New Energy Holdings Cooperatief WA, a subsidiary of a renewable energy fund NEF2, which is managed by Impax Asset Management. Located in the northern province of Masurian Voivodeship, the Kisielice wind farm has been commissioned in 2014. Its 21 Enercon E82 turbines are generating enough electricity to supply 45,590 households per year. 

The acquisition is in line with GIG’s plan to further expand in Europe.

At present, onshore wind is Poland’s largest renewable energy source with 5.7 GW of installed capacity. Last month, the lower house of its Parliament approved a revision of the Renewables Act that enables the auctioning of 2.5 GW of onshore wind power capacity later this year.

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Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.

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