Norwegian energy group Equinor ASA (NYSE:EQNR) said on Wednesday that it has acquired a 26-MW onshore wind farm in Poland from Israel’s Helios Group in an effort to expand its offering in the market.
The Wilko wind farm in the Wielkopolska province is capable of generating around 105 GWh of electricity per year, providing immediate production and cash flow, Equinor said.
Financial details were not disclosed.
Equinor has put its Polish subsidiary Wento in charge of the wind farm’s operation. Equinor’s energy trading house Danske Commodities will manage the route-to-market services.
“Equinor’s renewable strategy targets flexible power offering from multi-tech positions in select markets,” said Olav Kolbeinstveit, senior vice president for onshore and markets within Renewables at Equinor.
“Through our subsidiary Wento, we have built a strong solar portfolio in Poland. By adding onshore wind to Wento’s portfolio of operated assets, we transform Wento into a multi-tech power producer,” Kolbeinstveit added.
