Ignitis Renewables will conclude an agreement to purchase 100% of the shares of the undisclosed Polish companies "in the near future" in transactions involving total investments of around EUR 50 million (USD 57 million).

The projects to be acquired currently are in various stages of development, with the commercial operations dates estimated around 2022–2023. Ignitis said in a statement sent to PV Tech that it would not be disclosing the names of the acquired companies at this stage.