PKN Orlen to buy 89.4-MW wind farm portfolio in Poland
Polish oil refiner PKN Orlen has struck a deal to acquire the owner of 89.4 MW (megawatt) of onshore wind farms at home in a deal worth PLN 380 million (USD 101.8 million).
The buyer said Friday it will purchase 100% of the shares of Poland-based Nowotna Farma Wiatrowa Sp zoo from Spanish investment funds Taiga Inversiones Eolicas SCR SA and Santander Energias Renovables SCRA SA, reported energy portal Renewables Now.
The target entity owns a portfolio of three wind parks located in the villages of Kobylnica, Subkowy and Nowotna in the Pomeranian Voivodeship of northern Poland. Specific details about the power plants were not available. The deal is subject to antitrust clearance, PKN Orlen said.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.