PKN Orlen to buy 89.4-MW wind farm portfolio in Poland

Green Energy

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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. 

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