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Iberdrola has executed a preliminary agreement on the acquisition of 98MW of wind and solar projects in Poland from Augusta Energy, a joint venture between Greenvolt’s 100%-owned subsidiary V-ridium Power Group and asset manager KGAL.
The transaction includes two wind farms totalling 50MW and six solar plants totalling 48 MW. All of the plants in portfolio are currently in construction and all form part of 15-year PPA agreed with T-Mobile Polska, indexed to the consumer price index (CPI). It is anticipated that the projects will be operational in 2023.
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