Masdar teams up with Finnish group to buy Polish wind farms

Masdar teams up with Finnish group to buy Polish wind farms

Abu Dhabi-based Masdar, one of the world's leading renewable energy companies, and Taaleri SolarWind II Fund, which invests in utility-scale wind and solar assets, have together acquired 50:50 stakes in two wind farms in Poland.

The 37.4 megawatt (MW) Mlawa Wind Farm is located in Mazowieckie in northern Poland and the 14 MW Grajewo Wind Farm is located in Podlaskie, in the north-east. 

Construction on both these wind farms began in the second quarter of 2020 and the projects are expected to be completed by the end of this year.

"As one of the world's leading renewable energy companies, Masdar is proud to enter into the Polish market, which offers considerable scope for further growth and diversification of our renewable energy portfolio," remarked Ahmed Al Awadi, Director, Business Development & Investment, Clean Energy at Masdar. 

"We look forward to supporting Poland's renewable energy efforts, and to further strengthening our partnership with Taaleri Energia," he added.

With a combined installed capacity of 51.4 MW, the projects will together produce 192 gigawatt-hours (GWh) of electricity annually. When complete, they will produce enough electricity to supply approximately 90,000 households with their energy needs and will offset 146,000 tonnes of carbon dioxide each year.

Taaleri Energia's Managing Director Kai Rintala