Abu Dhabi Future Energy Company (Masdar) has revealed the acquisition of eight hybrid renewable energy projects in collaboration with Finnish firm Taaleri Energia, signaling a notable expansion for both companies in the Polish renewable energy sector.
The projects were acquired from Domrel Biuro Usług Inwestycyjnych, a prominent Polish renewable energy developer, with a focus on RES power plant development across the country. Masdar and Taaleri Energia plan to maintain an ongoing partnership with Domrel to navigate the projects through the necessary developmental stages.
Once operational, the eight projects, incorporating solar photovoltaic (PV) and onshore wind technologies, will collectively generate over 1 gigawatt (GW), sufficient to power around 223,000 households and reduce carbon dioxide emissions by 1.8 million tonnes annually. This marks a substantial expansion in Masdar’s growing European portfolio.
Capitalizing on recent amendments to the Polish Energy Law, known as Cable Pooling, Masdar is strategically developing hybrid PV solar and wind projects, enabling the integration of different renewable energy sources in a single grid connection. This aligns with Poland’s goal to add approximately 25GW of renewable capacity, facilitated by the law amendment that became effective in October 2023.
The signing of the agreement involved key figures from Masdar, Taaleri Energia, and Domrel, with notable witnesses including the Polish Ambassador to the UAE and representatives from Bank Gospodarstwa Krajowego. Masdar’s CEO, Mohamed Jameel Al Ramahi, emphasized the company’s commitment to innovative technologies and project structures that contribute to reliable, secure, and sustainable energy solutions for businesses and communities in Poland and across Europe.
This announcement builds on Masdar’s existing investments in Poland, such as the Mlawa Wind Farm and the Grajewo Wind Farm, inaugurated in 2021 with a combined operational capacity of 51.4MW. The acquisition of the eight projects further strengthens Masdar’s position in supporting Poland’s efforts to achieve ambitious targets outlined in its Energy Policy, aiming to increase installed wind capacity to 11GW and solar PV to 10-16GW by 2040, ultimately reducing carbon emissions in the country.
