Masdar has announced the acquisition of eight hybrid renewable energy projects in Poland, along with Taaleri Energia, a Finnish-based renewable energy developer and fund manager.
Masdar and Taaleri Energia have purchased the projects from Domrel Biuro Usług Inwestycyjnych (Domrel). They will maintain an ongoing relationship with Domrel to progress the projects through the required developmental stages. Once operational, the eight projects, which include solar photovoltaic (PV) and onshore wind technologies, will have a combined capacity of more than 1GW. The agreement was signed by Masdar Head, Development and Investment (Europe), Amalia Giannakikou, Taaleri Energia Investment Director, Stephen Butler and Domrel Business Development Manager, Michał Wiśniewski.