Major Polish utilities PGE and Energa are in advanced talks to buy the Polish wind power business of Spanish energy firm Iberdrola, Reuters reported, citing unnamed sources.
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, which was finalized last Tuesday.
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 this 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.
PGE is the largest energy group in Poland. The PGE capital group’s share of electricity production in Poland is around 40 percent.
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