Masdar buys 8 renewable energy projects in Poland
The projects will supply over 223,000 households and offset 1.8 million carbon emissions.
Abu Dhabi Future Energy Company PJSC (Masdar) and Finland-based renewable energy company Taaleri Energia acquired eight hybrid renewable projects from Poland-based developer Domrel Biuro Usług Inwestycyjnych (Domrel).
The projects cover solar photovoltaic (PV) and onshore wind technologies for grid allocation, capable of 1 GW, which can supply an estimated 223,000 households and offset 1.8 million tonnes of carbon dioxide annually.
The agreement has signified another benchmark for both companies on their respective renewable energy portfolios, with Masdar expanding its European portfolio. Both companies will continue to cooperate with Domrel on the developmental progress of the projects.
Through the development of hybrid PV solar and wind projects, Masdar aims to seize the recent adjustments to the Polish Energy Law, known as Cable Pooling, which allows the integration of renewable energy sources in a unified grid connection. The amendment is projected to add an estimated 25 GW of renewable capacity in Poland.
Currently, Masdar has been investing in Poland-based projects, like the Mlawa Wind Farm in Mazowieckie and the Grajewo Wind Farm in Podlaskie, all with a combined capacity of 51.4 MW.
All eight projects under the agreement are estimated to be fully operational between 2026 and 2030.