Equinor Expands renewable portfolio in Poland
London, 06 September, 2023, (Oilandgaspress) – Equinor has acquired a 26 MW onshore wind farm in Poland from the Helios Group. With this investment, Equinor expands its broad energy offering in Poland and delivers on its market-driven power producer strategy.
The Wilko wind farm is located in the Wielkopolska province and will be operated by Wento, Equinor’s subsidiary in Poland.
The asset will provide immediate production and cash flow.Accumulated annual production is estimated at 105 GWh of power per year, which is equivalent to the electricity consumption of around 50,000 Polish households.
“Equinor’s renewable strategy targets flexible power offering from multi-tech positions in select markets.Through our subsidiary Wento, we have built a strong solar portfolio in Poland. By adding onshore wind to Wento’s portfolio of operated assets, we transform Wento into a multi-tech power producer”, says Olav Kolbeinstveit, senior vice president for onshore and markets within Renewables at Equinor.
Solar and onshore wind typically have complementary generation profiles, meaning that solar can balance out shortfalls in wind generation and vice versa. A combination of the two technologies can therefore offer a more reliable power generation, reduce portfolio risk, and enhance value creation.
The produced power will be managed in the Polish market by Equinor’s energy trading house Danske Commodities (DC).
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