Iberdrola has five wind farm projects in Poland Shutterstock

Major Polish utilities PGE and Energa are in advanced talks to buy the Polish wind power business of Spanish energy firm Iberdrola, according to sources quoted by Reuters.

The deal's value could amount to zł.1 billion, which would equal the value of PGE and Energa's recent purchase of the Polish wind farm assets of Danish energy group DONG Energy.

Iberdrola has five wind farm projects with a total capacity of 184.5 MW in Poland. According to one source, the deal could be announced early next week.

PGE, Energa and Iberdrola declined to comment on the matter.

Energa is mainly involved in the manufacture, marketing and distribution of electricity and heat. It provides electricity to 2.5 million households and more than 300,000 companies in Poland, giving it about 17 percent of the country's market in electricity sales. Its electricity distribution system covers about a quarter of Poland's area. It operates about 190,000 km of electrical lines, which deliver more than 24 TWh of electricity per year.

PGE is the largest energy group in Poland. The PGE capital group's share of electricity production in Poland is around 40 percent, and about 26 percent in Poland's electricity distribution market.

Poland A.M.