Onshore renewables

Green Investment Group enters the Polish onshore wind market

22 Aug 2019



Green Investment Group (GIG) acquires the 42 MW Kisielice onshore wind farm in its first investment in Poland.

Macquarie’s Green Investment Group (GIG) today announces its acquisition of the 42 MW Kisielice onshore wind farm from Impax New Energy Holdings Cooperatief W.A, an entity owned by NEF2, a renewable energy fund managed by Impax Asset Management.

Located in Warmiab, Masurian Voivodeship, it is GIG’s first investment in Poland. The project has been fully operational since 2014 and consists of 21 Enercon E82 turbines generating enough renewable electricity to power 45,590 homes per year.

Poland now plans to ensure that 21 per cent of gross final energy consumed comes from renewable energy sources by 20301. Alongside offshore wind and solar, this is creating attractive opportunities for both new and existing onshore wind developments. 

Onshore wind is currently Poland’s largest renewable energy source, with 5.7 GW of installed capacity2. Its first auction for onshore wind was held in November 2018 and a second auction for around 2.5 GW is anticipated in 20193.

With its first investment in Poland, GIG continues to expand its footprint across Europe. GIG recently acquired the Hornamossen onshore wind farm in Sweden and also announced plans to acquire a 40% stake in East Anglia ONE offshore wind farm on the UK coast. GIG is now active in 11 countries across Europe, and 15 countries globally.

Edward Northam, Head of GIG Europe, said:

As we pursue our mission to accelerate the transition to a greener global economy, it’s essential that GIG continues to seek out opportunities in new and growing markets. Poland has significant potential for renewable energy and we are excited to have taken our first steps into this market.”

Notes to editors

[1] https://www.gov.pl/web/energia/draft-energy-policy-of-poland-until-2040

[1] IRENA, Renewable Energy Statistics 2019: https://www.irena.org/Statistics/View-Data-by-Topic/Capacity-and-Generation/Statistics-Time-Series

[1] Wind Europe: https://windeurope.org/members-area/interactive-tool/historic-and-upcoming-auctions-tenders/

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About Green Investment Group and Macquarie Group

Green Investment Group Limited (GIG) is a specialist in green infrastructure principal investment, project delivery and the management of portfolio assets, and related services. Its track record, expertise and capability make it a global leader in green investment, dedicated to supporting the growth of the global green economy.

The business was launched initially by the UK Government in 2012 as the first institution of its type in the world. The organization was acquired by Macquarie Group in 2017, creating one of Europe’s largest teams of dedicated green infrastructure investors, and now operates under the name Green Investment Group.

Macquarie Group Limited (Macquarie) is a diversified financial group providing clients with asset management and finance, banking, advisory and risk and capital solutions across debt, equity and commodities. Founded in 1969, Macquarie employs 15,715 people in 30 markets. At 31 March 2019, Macquarie had assets under management of £305.8 billion.

For more information, visit www.greeninvestmentgroup.com and www.macquarie.com.