ONDE, a major player in the renewable energy sector, recently launched the construction of Park Lewałd Wielki, a 32 megawatt peak (MWp) photovoltaic farm. Initially estimated at 25 MWp, the project has been extended by a further 7 MWp thanks to optimizations implemented by ONDE’s development team. The project, which represents an investment of 85 million zlotys net, is scheduled for completion in the second quarter of 2025. On the other hand, it illustrates ONDE’s ongoing commitment to sustainable development and its adaptability in the face of challenges, such as obtaining new grid connection permits.
ONDE strategy and expansion
Under the leadership of Paweł Średniawa, CEO of ONDE, the company is strengthening its renewable energy development strategy. Park Lewałd Wielki is the sixth renewable energy investment from ONDE’s development portfolio. In early 2024, ONDE sold projects totalling 60 MW. The company has also ensured the continuity of their implementation by a new investor. At the same time, this development activity is becoming increasingly important for the listed company’s financial results. Indeed, it contributes to a significant improvement in profitability in the first quarter of 2024.
Future plans and projections
ONDE currently has projects in the permit phase with a total capacity of around 280 MW. Whose portfolio exceeds 800 megawatts. With available financial resources and accessible external financing, ONDE plans to significantly expand its portfolio. The aim is to double or reach 1.6 to 1.8 gigawatts over the next two to three years. These expansions reflect Średniawa’s ambition to start construction of at least one more power plant this year and acquire several new projects.
The Park Lewałd Wielki project symbolizes ONDE’s constant expansion and innovation in the renewable energy sector. It also demonstrates its leadership role in Europe’s energy transition. With its strategic investments and efficient management, ONDE has positioned itself as a key player in accelerating sustainable development.
