Masdar and Taaleri Energial the acquisition of eight hybrid renewable energy projects in Poland, from Domrel Biuro Usług Inwestycyjnych, a major player in the Polish renewable energy market.
The projects concerned, spread over eight sites, will combine solar photovoltaic (PV) and onshore wind power technologies. This innovative mix of renewable energy sources aims to optimize allocation to the power grid. Once operational, these projects, whose combined capacity will exceed 1 gigawatt (GW), will be able to power around 223,000 homes and reduce annual carbon dioxide emissions by 1.8 million tonnes.
A Step Forward in Innovation
This significant development is underpinned by recent amendments to the Polish Energy Act, known as Cable Pooling, which allow different renewable energy sources to be connected to a single grid connection point. This approach helps to stabilize the production of renewable energy for each connection, while optimizing the grid to ensure a reliable energy supply for Poland’s households and businesses. This legislation, which comes into force in October 2023, is expected to add around 25GW of renewable capacity in Poland.
Shared Commitment and Vision
Masdar and Taaleri Energia will maintain an ongoing relationship with Domrel to advance these projects through the various stages of development. These investments are part of Masdar’s wider strategy to strengthen its presence in Europe, and demonstrate both companies’ commitment to supporting Poland’s climate action goals.
Impact and prospects
Masdar’s investment in Poland’s energy sector is nothing new. The company had already inaugurated the Mlawa and Grajewo wind farms in 2021, with a combined operating capacity of 51.4 MW. The acquisition of these new projects strengthens their leading position in the renewable energies sector in Central and Eastern Europe.
This expansion marks an important milestone in Europe’s energy transition. By investing in innovative technologies and project structures in Poland and across Europe, Masdar and Taaleri Energia are making a significant contribution to the provision of sustainable energy for businesses and communities, while supporting Poland’s climate objectives.
