Announced

ORLEN to acquire solar PV farms in Zielona Gora, Poznan and a wind farm in Lodz from EDP Renewables.

Synopsis

ORLEN, a company active in the oil and gas sector, agreed to acquire solar PV farms in Zielona Gora, Poznan and a wind farm in Lodz from EDP Renewables, a global energy company, for PLN1.1bn. “This transaction is the second we’ve done with Orlen and it highlights the quality of our assets and the sustainability of the asset rotation strategy for EDP. It also showcases our ability to develop high quality renewable assets and to bring more clean energy capacity to the markets we operate in.We remain committed to keep doing so in Poland. As one of the biggest foreign investors in the country, with more than 1GW already developed and installed, including the country’s first wind-solar hybrid park, and more capacity coming online in the next few months, we continue to see Poland as a key market for EDP," Duarte Bello, EDP Head of Europe.

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