Iberdrola has extended its clean energy footprint in Poland, one of the company’s new growth areas.
The company has agreed to buy three new onshore wind farms with a combined capacity of 163 megawatts from CEE Equity Partner. The facilities’ production is now mainly secured by 10-year power purchase agreements (PPAs). Two of the projects, totaling 112.5 MW, are already operational, while the third, with a capacity of 50.4 MW, will begin construction soon.
The agreement reaffirms Iberdrola’s contribution to Poland, placing the organization at the frontline of the country’s energy transformation. It comes on the heels of the latest purchase of 70% of the developer Sea Wind, which has a portfolio of seven offshore projects with a combined capacity of up to 7,300 MW.
The acquisition represents Iberdrola’s plan to consolidate its global supremacy in wind power, and it follows a dozen transactions in offshore and onshore wind executed in the previous twelve months. The company’s position has been improved in markets such as France, the United Kingdom, the United States, and Brazil, as well as in new development markets such as Australia, Japan, Sweden, Poland, and Ireland.
This latest acquisition strengthens Iberdrola’s Baltic Sea Hub for renewables, which will act as a hub for offshore and onshore facilities while also providing local content for Iberdrola’s projects in the Germany-Poland-Sweden axis. Offshore wind production capability in the Baltic Sea is 93,000 MW, with 28,000 MW in Polish waters.