Poland’s PGE eyes up Polish Energy Partners for wind expansion

Poland’s biggest power producer Polska Grupa Energetyczna (PGE) is reportedly interested in purchasing Polish Energy Partners (PEP) as it looks to grow its wind power portfolio.

PGE plans to have 1000 MW of onshore wind capacity by 2015, and in April this year, the state-controlled utility was awarded three permits to build the first Polish offshore wind farms in the Baltic Sea, totaling 3450 MW.

PEP, which went up for sale at the end of May with a price tag of $140m, currently operates several wind farms in Poland with a total capacity of 80 MW, and plans to increase that by 100 MW over the next 12 months.

It is reportedly planning to also establish 100 MW of biomass-based power generation.

However, in May PEP dropped its 2012 forecast of a 10 per cent net profit rise.

Another power utility that is reported to be interested in PEP is Enea, which serves the west and northwest of Poland.

In April, Enea bought the 50 MW Bardy wind farm from Denmark’s Vestas. Located in the northwestern part of the country Enea plans to increase the wind farm’s capacity to 60 MW.

The purchase is in line with Enea strategy of having between 250-350 MW of wind capacity by 2020.

The growing interest in wind power from Polish utilities is not surprising when you consider that Poland, which remains heavily dependent on coal, is obliged under European Union rules to produce at least 15 per cent of its energy from renewable sources by 2020.

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