Masdar has extended its reach into the US, Europe and the Far East with its renewable energy push. Image Credit: Bloomberg

Dubai: Abu Dhabi’s renewables energy company Masdar has commissioned its first wind farms in Poland. These ‘farms’ are jointly owned with Taaleri SolarWind II Fund.

In January, Masdar and Taaleri SolarWind II Fund each acquired a 50 per cent stake in the projects, marking their first investment in the Polish renewable energy market. The 37.4-megawatt (MW) Mlawa wind farm is located in Mazowieckie in northern Poland, while the 14 MW Grajewo project, which comprises two wind farms, is based in Podlaskie, in the northeast.

Masdar and JV partner Taaleri SolarWind II Fund
Image Credit: Supplied

Combined, the projects produce electricity to supply approximately 90,000 households in Poland, and offset 146,000 tonnes of carbon dioxide each year.

“We look forward to expand our presence in the Polish renewable energy sector and to strengthen our strategic partnership with Taaleri Energia through our joint venture, Masdar Taaleri Generation (MTG),” said Niall Hannigan, Chief Financial Officer of Masdar.

Masdar and Taaleri, through MTG, are working on multiple projects across Europe, with Masdar and Taaleri Energia announcing in May last an agreement to co-develop a 65 MW solar photovoltaic (PV) power plant in Greece. The project, marking their first investment in Greece, will be developed through a joint venture between the two companies alongside two local partners. Masdar and Taaleri Energia are partners in the 158 MW Čibuk 1 wind farm in Serbia, and in the 200 MW Baynouna Solar Energy Project, the largest of its kind in Jordan.

This investment in Polish wind is underpinned by the increasing demand for clean energy and by a combination of the 'Contracts for Difference' scheme and the availability of commercial offtake contracts in the Polish market

- Kai Rintala, Managing Director of Taaleri Energia