The energy company, officially known as AB Ignitis Grupe, said it will launch continuous operations at the power plant after getting a power generation permit.
This is the first Polish project of the state-run company, entailing investments of around EUR 130 million (USD 158.6 million). Ignitis estimates that the wind farm will bring around EUR 440 million in undiscounted adjusted earnings before interest, tax, depreciation and amortization (EBITDA) during its 30-year lifespan.
The Lithuanian group bought the project in the spring of 2019 from Spanish developer IGE, owned by environmental impact fund SI Capital. Located in the Pomeranian Voivodeship, the Pomerania park is equipped with 29 turbines with individual capacities of between 3 MW and 3.3 MW.
Their output is expected to be around 300 GWh (gigawatt att-hour) per year, or enough to supply close to 160,000 homes. (source: Ignitisgrupe.lt)
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