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.