Northland Power invests in 300 MW battery storage through deal in Poland
Northland Power has acquired two energy storage projects in Poland from Greenvolt Power Group, consolidating a strategic partnership in a transitioning market.
| Sectors | Energy Storage, Batteries |
|---|---|
| Themes | Investments & Transactions, Project Development, Financing |
Northland Power Inc., an independent power producer based in Canada, has announced the acquisition of 100% equity interest in two battery energy storage projects in Poland. The assets, with a combined capacity of 300 megawatts (MW) and 1.2 gigawatt-hours (GWh), were purchased from Greenvolt Power Group sp. z o. o., a global developer of energy infrastructure.
Deal closed on near-ready projects
The projects, located in Mieczysławów and Kamionka in the western part of the country, are in advanced pre-construction phase, with a four-hour discharge duration at each site. Mieczysławów accounts for 200 MW and 800 megawatt-hours (MWh), while Kamionka offers 100 MW and 400 MWh. Construction is scheduled to begin in 2026, with a total estimated cost of €200mn ($217mn), and financing is currently under structuring.
Contract terms and revenue outlook
A portion of the revenue generated by the facilities is secured through 17-year capacity contracts indexed to inflation. Additional earnings are expected from ancillary services and electricity arbitrage operations. This contractual framework allows Northland to optimise asset profitability upon commissioning.
Reinforcement of an operational partnership
The agreement with Greenvolt Power Group is part of a broader strategy to develop partnerships in European markets. The acquisition of these projects demonstrates Northland Power’s intent to strengthen its presence in areas where renewable capacities are growing rapidly. Cooperation between the two entities could expand to further energy development opportunities.
Strategic positioning in the Polish market
Poland’s energy sector is undergoing rapid transformation, progressively shifting from coal to renewable sources. According to Aurora forecasts, the country’s combined solar and wind capacity could reach 139 gigawatts (GW) by 2050, up from around 31 GW today. The rising need for large-scale storage makes the Polish market particularly attractive to international investors.
