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    Equinor launches 53MW solar project in Poland

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    Equinor has started commercial operations at a 53MW solar plant in Poland.

     

    Developed by Equinor subsidiary Wento, the Lipno solar plant is located in the Wielkopolskie province in central Poland, and will be operated by Wento.

     

    In 2021, Equinor acquired Wento along with its 1.6GW pipeline of solar projects. Currently, Wento operates three solar plants and one wind park in Poland, with a total capacity of 200MW.

     

    “Wento’s journey showcases how we leverage our investments in local development companies to build a material and profitable onshore renewables business in select markets,” stated Anders Bade, senior vice president for onshore and markets within Renewables at Equinor.

     

    Equinor’s energy trading house, Danske Commodities, has signed a balancing agreement with the Lipno solar plant and will be responsible for commercialising the generated power in the Polish market.

     

    Expected returns from Lipno are in line with previous guidance for Equinor’s renewables sector.

     

    Danske Commodities, with almost 15 years of power trading experience in Poland, provides route-to-market services for Wento’s operational assets.

     

    “We have developed a distinct business model that allows us to efficiently scale our onshore renewables portfolio and create value uplift from power trading,” added Bade.

     

    Since its acquisition by Equinor, Wento has significantly expanded its project pipeline, doubling it to over 3GW of opportunities at various stages of development.

     

    The project pipeline has diversified beyond power generation to include battery storage, enhancing flexibility and value creation potential.

     

    “Poland is actively developing renewable energy to increase domestic power capacity and enhance energy security.

     

    “For Wento and Equinor, this represents an exciting opportunity to be a leading player in a growing renewable energy market,” said Wojciech Cetnarski, CEO of Wento.

     

    Earlier this year, Wento secured a win in the Polish Capacity Market Auction with four battery storage projects totaling approximately 400MW.

     

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