European infrastructure fund manager Equitix has invested an undisclosed sum to buy an onshore wind farm in Poland from developer OX2.
OX2 said it has sold the 24MW Kraśnik wind asset in the southeast of Poland.
Construction of the wind farm will start this year with delivery expected in 2024. Once commissioned, OX2 will be responsible for the technical and commercial management of the project under a 15-year agreement.
Hugh Crossley, CEO of Equitix, said: “We are delighted to be able to add the Kraśnik onshore wind farm to our substantial portfolio of renewable energy assets.
“Equitix is committed to onshore wind as a sustainable energy resource and this investment complements our diversified portfolio of renewable generation investments that include hydropower, offshore wind, biomass and solar energy.”
Paul Stormoen, CEO of OX2, said OX2 has become a major participant in the Polish renewable sector “where we continue to increase our presence through a fast-growing organisation and portfolio of wind and solar projects”.
Katarzyna Suchcicka, OX2 country manager in Poland, said: “The Kraśnik wind farm is the fourth wind project in Poland that OX2 starts construction of so far this year.
“By expanding the country’s renewable energy capacity, we contribute to the ongoing energy transformation. This year alone, 10% of electricity in Poland will be generated from onshore wind farms.”
To read the digital edition of the latest IPE Real Assets magazine click here.