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    Enefit and RES have signed an agreement for onshore servicing in Poland

    Enefit Green recently entered into a co-development agreement with RES Global Investment, a Polish development company, for the advancement of early-stage onshore wind projects in Poland.


    Under the terms of the Development Service Agreement finalized after the close of the market on April 11, 2024, Enefit Green will acquire full development rights for eight separate early-stage onshore wind projects, collectively aiming for a total installed capacity of up to 360MW. Construction on these projects is not expected to commence before 2028.


    Upon completion, these projects are anticipated to operate under either merchant market conditions or through power purchase agreements, depending on the prevailing conditions at the time of investment decision. The total investment, estimated at approximately €80 million, encompasses both the acquisition costs of the projects and other necessary development expenses to progress them to a “ready to build” status.


    The disbursement of funds is contingent upon the accomplishment of specific development milestones outlined in the agreement, as well as compliance with relevant grid requirements.

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