Poland: Equinor acquires Polish renewables company Wento and its 1.6-gigawatt solar project pipeline
06 May 2021
Wento from the private equity firm Enterprise Investors for
EUR 91 million in enterprise value, before customary net cash adjustments. The acquisition supports Equinor’s effort to be a leading company in the energy transition and provides a strong platform for growth in the Polish energy market.
Wento’s business plan includes a total net pipeline of around 1.6 gigawatts (GW) of solar projects in different stages of development. This transaction will strengthen and diversify our portfolio in Poland, an emerging core area for Equinor. It gives us an onshore growth platform in a transition market set for significant renewables growth. says Pål Eitrheim, executive vice president for New Energy Solutions at Equinor.
Equinor and Eni-led venture join forces for North Sea floating wind
Partners aim to apply for one of the areas earmarked by the Norwegian authorities
Image: Øyvind Gravås/Woldcam - Equinor ASA
Norwegian oil giant Equinor has partnered with Vårgrønn, a venture between the Italian oil and gas company Eni and the investor HitecVision, to develop plans for floating wind farms in the North Sea.
The partnership aims to apply for offshore wind acreage at Utsira Nord in Norway.
Equinor and Eni are already partners in Dogger Bank, which is currently under construction in the North Sea.
Equinor and Vårgrønn to develop floating offshore wind farm at Utsira Nord in the Norwegian North Sea news.europawire.eu - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news.europawire.eu Daily Mail and Mail on Sunday newspapers.
Equinor and Polenergia win Polish offshore wind contracts
Poland’s Energy Regulatory Office latest award of CfDs means it has now contracted about 4.3GW of offshore wind in the Baltic Sea
by Craig Richard
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