Ignitis Group acquires onshore wind farm project in Poland

Ignitis Group through its subsidiary Ignitis Renewables signed an agreement to acquire 100% of shares of the company developing an onshore wind farm in Poland. The total capacity of the wind farm (Silesia 2) is up to 137 MW. The project is currently at an advanced stage of development with an estimated COD (Commercial Operation Date) in H2 2024, Ignitis reports.

The turbines at the new wind farm will be provided by a long-term partner of Ignitis Renewables, an international turbines manufacturer Nordex. Total preliminary investments, including the acquisition price and the construction cost, amount to around EUR 240 million.