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Announced

PGE Group to acquire three onshore wind farms from GIG.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Infrastructure

Friendly

wind farm

Acquisition

Single Bidder

Private

Pending

Domestic

Poland

Renewable Energy Equipment

Majority

Private Equity

Synopsis

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PGE Group, a Polish energy sector company, agreed to acquire three onshore wind farms from Green Investment Group, a green infrastructure principal investment provider. Financial terms were not disclosed. "In 2021, for the first time in history of PGE Group business activity, the renewable generation segment achieved EBITDA result exceeding 1bn zł. This result proves the growing role of renewable energy sources in PGE Group. The large scale acquisition of three onshore wind farms with total capacity of 84.2 MW, that has been already signalized, strengthens the green transition in PGE Group. With an installed capacity of over 770 MW in onshore wind farms, we have strengthened our leading position in renewable generation market in Poland," Wojciech Dąbrowski, PGE President of the Management Board.

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