RP Global, one of Poland's leading players in the renewable energy sector and Marguerite, a pan-European investor and our co-shareholder of 49.99% have announced the sale of two wind farms totaling 103 MW to Engie Zielona Energia. Both wind farms are located in Northern Poland in Tychowo and Kukinia. The Tychowo wind farm consists of 20 Nordex N90 turbines and was built in 2009. The Kukinia wind farm has 23 Enercon E-82 turbines and was built in 2013.
Image Credit: RP Global
Both projects have been successfully operating for years and this transaction underpins the value created by RP Global's development, construction and O&M teams. This sale is part of RP Global’s evolving strategy to finance new projects to build an increasingly diversified renewable energy asset portfolio across Poland and beyond.
Gerhard Matzinger, Chief Executive Officer of RP Global said: “Divestments are an important tool to help us rebalance and optimize our portfolio. Our commitment to green energy remains of course stronger than ever. With the sale of these wind farms, RP Global will free up significant cash flow to actively invest in new opportunities within the renewable energy sector. We are determined to stay at the forefront of the industry and drive positive change towards a cleaner and healthier planet.”
Looking ahead, Poland remains one of RP Global’s core markets, with a pipeline of >2.700 MW of wind and PV projects in different stages of development.