Polish watchdog clears PKN Orlen’s buy of 90-MW wind portfolio
Polish oil refiner PKN Orlen (WSE:PKN) has received regulatory clearance to expand its renewables portfolio with the acquisition of roughly 90 MW of onshore wind farms in the Pomerania Province.
The approval by Poland’s Office of Competition and Consumer Protection, locally known as UOKiK, was the last condition for completing the deal, PKN Orlen said on Tuesday. Its closing is expected to take place in April.
As previously announced, the Polish firm will purchase 100% of the shares of Poland-based Nowotna Farma Wiatrowa Sp zoo from Spanish investment funds Taiga Inversiones Eolicas SCR SA and Santander Energias Renovables SCRA SA. The target entity owns a portfolio of three wind parks, namely the 41.4-MW Kobylnica, 8-MW Subkowy and 40-MW Nowotna. Located in the area served by distribution network operator Energa, all of them are covered by the Polish green certificate support system.
PKN Orlen to buy 89.4-MW wind farm portfolio in Poland
Polish oil refiner PKN Orlen (WSE:PKN) has struck a deal to acquire the owner of 89.4 MW of onshore wind farms at home in a deal worth PLN 380 million (101.8m/EUR 84.2m).
The buyer said on Friday it will purchase 100% of the shares of Poland-based Nowotna Farma Wiatrowa Sp zoo from Spanish investment funds Taiga Inversiones Eolicas SCR SA and Santander Energias Renovables SCRA SA.
The target entity owns a portfolio of three wind parks located in the villages of Kobylnica, Subkowy and Nowotna in the Pomeranian Voivodeship of northern Poland. Specific details about the power plants were not available.