Renewable Energy to buy Polish wind farm


Renewable Energy, the operator of renewable energy technologies, has entered into an agreement to buy the Kobylany Wind Farm site in Poland.

The agreement follows the signing of a non-binding letter of intent to purchase the site in December 2006 with a consortium of Polish companies and individuals. Plans for Kobylany envisage 30 megawatt (MW) of generating capacity with an accompanying off-take infrastructure and transformer station. The consortium have spent the last year working on the necessary opinions, administrative decisions and permits necessary for the development of the wind farm.

Renewable Energy Holdings plc said it will pay €68,000 per MW of generating capacity, making a total of €2.04 million. The agreement allows for an initial lease term of 25 years, with an option to extend for a further 25 year. The firm intends to finance the construction of the wind farm, expected to start late spring 2008, using its credit facility with Standard Chartered Bank. (


Hungarians Want to Live to 96 Analysis

Hungarians Want to Live to 96

Parl't approves 2023 budget Parliament

Parl't approves 2023 budget

Wizz Air Malta Names Managing Director Appointments

Wizz Air Malta Names Managing Director

2 Protests to Take Place in Budapest on Aug 20 City

2 Protests to Take Place in Budapest on Aug 20


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.