Green Investment Group (GIG) acquires the 42 MW Kisielice onshore wind farm in its first investment in Poland.
Macquarie’s Green Investment Group (GIG) today announces its acquisition of the 42 MW Kisielice onshore wind farm from Impax New Energy Holdings Cooperatief W.A, an entity owned by NEF2, a renewable energy fund managed by Impax Asset Management.
Located in Warmiab, Masurian Voivodeship, it is GIG’s first investment in Poland. The project has been fully operational since 2014 and consists of 21 Enercon E82 turbines generating enough renewable electricity to power 45,590 homes per year.
Poland now plans to ensure that 21 per cent of gross final energy consumed comes from renewable energy sources by 20301. Alongside offshore wind and solar, this is creating attractive opportunities for both new and existing onshore wind developments.
Onshore wind is currently Poland’s largest renewable energy source, with 5.7 GW of installed capacity2. Its first auction for onshore wind was held in November 2018 and a second auction for around 2.5 GW is anticipated in 20193.
With its first investment in Poland, GIG continues to expand its footprint across Europe. GIG recently acquired the Hornamossen onshore wind farm in Sweden and also announced plans to acquire a 40% stake in East Anglia ONE offshore wind farm on the UK coast. GIG is now active in 11 countries across Europe, and 15 countries globally.
"As we pursue our mission to accelerate the transition to a greener global economy, it’s essential that GIG continues to seek out opportunities in new and growing markets. Poland has significant potential for renewable energy and we are excited to have taken our first steps into this market."
Head of GIG Europe
Kisielice onshore windfarm