Energa Wytwarzanie, a unit of Polish oil refiner PKN Orlen (WAR:PKN), has clinched a preliminary deal to buy the owner of a hybrid wind and solar project at home with a proposed capacity of up to 334 MW.
The agreement will see Energa acquire the vehicle behind the specific project from domestic developer Lewandpol Holding, the buyer said on Saturday. Financial details about the contemplated deal were not available.
The Kleczew project is already underway in the Greater Poland Voivodeship and will see the installation of up to 315 MW of photovoltaic (PV) and 19 MW of wind turbine capacity. The construction will be carried out under three phases, the first one of which includes a 193.1-MW solar plant and the wind farm. The next two phases will add another 122 MW of solar.
The initial PV capacity was energised in June and electricity sales should begin early in 2025. Once fully completed in 2025, the hybrid park will be able to generate electricity for around 200,000 homes annually. According to the statement, the complex could be later expanded with more wind turbines and a battery storage system.
The deal is subject to conditions precedent and is expected to close in the first quarter of 2025, at the latest. It will help Energa grow its renewable energy fleet to almost 1 GW.