• Masdar’s collaboration with Taaleri Energia in acquiring eight hybrid renewable energy projects from Domrel in Poland signifies a strategic move for both companies.
• The acquired projects, incorporating a mix of solar photovoltaic and onshore wind technologies, are poised to generate over 1 gigawatt of energy upon completion.
• Masdar’s commitment to innovation is highlighted through the adoption of hybrid PV solar and wind projects, aligning with recent amendments to the Polish Energy Law, specifically Cable Pooling.
Abu Dhabi Future Energy Company (Masdar) has revealed the acquisition of eight hybrid renewable energy projects in collaboration with Taaleri Energia, a Finnish-based renewable energy developer and fund manager, according to a statement.
This strategic move signifies a substantial expansion for both companies in the Polish renewable energy sector.
The projects, acquired from Domrel Biuro Usług Inwestycyjnych, a prominent developer specializing in RES power plants across Poland, include a mix of solar photovoltaic (PV) and onshore wind technologies.
Upon completion, these projects will collectively generate over 1 gigawatt (GW) of energy, sufficient to power around 223,000 households and offset 1.8 million tonnes of carbon dioxide annually.
This marks a significant enhancement of Masdar’s European portfolio.
The collaboration between Masdar and Taaleri Energia involves a continued partnership with Domrel to navigate the developmental stages of these projects. Notably, the adoption of hybrid PV solar and wind projects aligns with recent amendments to the Polish Energy Law, known as Cable Pooling.
This regulation enables the integration of diverse renewable energy sources into a unified grid connection, ensuring stability and optimizing power supply reliability.
The agreement, signed by key representatives from Masdar, Taaleri Energia, and Domrel, underscores Masdar’s commitment to innovative technologies and project structures.
The CEO of Masdar, Mohamed Jameel Al Ramahi, commended Poland’s legislative strides in the renewable and clean energy sector, emphasizing the importance of investing in sustainable energy solutions.
This announcement builds upon Masdar’s existing investments in Poland, including the Mlawa Wind Farm and the Grajewo Wind Farm, both inaugurated in 2021.
The Managing Director of Taaleri Energia, Kai Rintala, expressed delight in the acquisition, highlighting its significance in their investment strategy.
Poland’s aspirations to increase installed wind capacity to 11GW and solar PV to 10-16GW by 2040 align with Masdar’s contributions. The investments aim to support Poland in achieving its ambitious targets outlined in the Energy Policy, ultimately contributing to a substantial reduction in carbon emissions within the country.
If you see something out of place or would like to contribute to this story, check out our Ethics and Policy section.