Onshore wind

Green Investment Group acquires Jozwin onshore wind farm

27 November 2020

Green Investment Group acquires the 25.3 MW Jozwin onshore wind farm in Poland

Macquarie’s Green Investment Group (GIG) today announced its acquisition of a 25.3 MW onshore wind farm in Jozwin from Vortex Energy Poland and Max Bögl International SE. The project is located in Western Poland, approximately 3km north of the village of Jozwin and 200km west of Warsaw.

The Jozwin wind farm comprises of 9 GE turbines and has been operating for nearly 5 years. The project helps avoid 42kt CO2e in greenhouse gas emissions every year.

Poland is the largest electricity market in Central Eastern Europe1, but has historically had one of the lowest shares of renewable energy in its electricity generation mix in that part of Europe2. Currently, its electricity demand is predominantly met from an ageing fleet of coal and lignite power plants, which will need to be replaced with new generating capacity – making renewables deployment increasingly important. Including its activity in Poland, GIG is active in 11 countries across Europe, and over 25 countries globally. Over the past year, GIG has committed or arranged £2.9bn to support green energy projects and currently has 300 projects in development and construction.

The Jozwin acquisition sees GIG continuing to play an active role in the increasingly important Polish renewables market. By 2050, 52% of the country’s power generation is forecast to come from wind, solar and biomass3.

"Central and Eastern Europe is a region of growing interest for our business. Many of these countries have ambitious new plans to reduce reliance on fossil fuels – and I believe we can play an important role in these markets to speed up their energy transition."

Edward Northam
Head of GIG Europe

Including its activity in Poland, GIG is active in 11 countries across Europe, and over 25 countries globally. Over the past year, GIG has committed or arranged £2.9bn to support green energy projects and currently has 300 projects in development and construction.

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1. Source: IHSMarkit, Power and Renewables generation and demand data for CEE, 2019 (data as of Nov 2020)
2. Eurostat, Share of energy from renewable sources
3. Baringa Q2 2020 Wholesale Electricity Market Report

Jozwin Wind Farm Green Impact Report

Jozwin Wind Farm GIG Carbon Score

GIG’s Carbon Score is a measure of a project’s lifecycle greenhouse gas emissions compared to the emissions of the baseline that it displaces. Projects with the lowest lifecycle emissions relative to the baseline would score the highest ratings from AAA to B. Projects with lifecycle emissions similar to the baseline would score a C, and projects with greater emissions would score a D or E. For further information on how we are advising clients on understanding the green impact of investments, please see green impact advisory.